8.15 Bitcoin Auntie Trend Analysis

Yesterday, I provided a short position at 121600, with a target of 117500 that was perfectly reached, giving nearly 4000 points of space.

After hitting a low, the price has rebounded slightly, with short-term bullish signs emerging, though a strong breakout has not yet formed. The MA5 and MA10 show signs of a golden cross, and the MACD fast and slow lines are narrowing below the zero axis, with green bars starting to appear, indicating a weakening of bearish momentum and signs of bullish probing. The daily line is also holding at the mid-track pressure point here.

This wave of selling was to fill a gap; the intraday strategy suggests going long first and then short.

Bitcoin: Go long in the range of 117000-117500, targeting 119000-120000.

Auntie: Go long in the range of 4500-4450, targeting 4600-4700. $BTC $ETH