Wednesday Morning Operation Strategy on 8-6

The big coin is still in a narrow-range oscillation pattern on the 4-hour level, with the price continuously fluctuating between the upper and lower boundaries of the channel. The forces of bulls and bears are in a stalemate, with the oscillation lasting a long time and not forming a clear one-sided trend. The morning rebound failed to maintain the gains and has turned into a weak adjustment during the day; currently, the evening session shows a pause in the downward trend, entering a consolidation state. The smaller time frame also shows oscillation characteristics, with the fluctuation space gradually narrowing, but both bulls and bears have provided certain trading opportunities. The daily level shows signs of another bearish candle, and in the short term, it is recommended to prioritize monitoring the continuation of the bearish trend and then choose the timing to layout long positions.

Operation Suggestions:

Look for a short position near 113400-112800 of the big coin, target up to the 115000-116000 area, with defense according to personal position at $BTC $ETH #香港稳定币新规 #币安HODLer空投PROVE #币安Alpha上新 #美国加征关税 #币安HODLer空投TOWNS