The great cold has no snow, the great sorrow has no words,
The great sound is rare, the great fall has no life.
Life always has its ups and downs, the crypto world always has its rise and fall.
Everyone in their life has to endure how many hardships, how much bitterness, how much pain, to understand their true nature and life and death.
August, for me, is truly bitter beyond words.
On July 31, my main WeChat account was permanently banned, all the connections and resources in the crypto world over the years, friends in Guangzhou, all go to zero.
On August 4, my family connection WeChat was banned.
On August 7, my secondary WeChat account was permanently banned, all resources for life, work, and study in Zhejiang after graduation, all go to zero.
On August 9, my small WeChat account was banned, with hardly anyone.
On August 13, Binance Square was closed for 13 days, reopened on the 27th.
On August 16, I was scammed 3000 yuan buying a phone online. My brain, my IQ is also concerning.
All these waves of embarrassing incidents are reminding me to cultivate blessings.
Study scriptures, make vows, repent, do good deeds, do not be negligent.
My own matters are all trivial. But think about Zelensky, with the country in turmoil, the people in suffering, the territory being divided by Trump and Putin. The invaders are acting arrogantly. Demanding land and compensation is blatant occupation and humiliation.
I personally support Ukraine's resistance against invasion to the end. Justice will surely prevail one day.
Currently, from the daily chart perspective, it is indeed not very good, a big bearish candle smashing down, the bearish strength is strong, and the recent rebound can also consider going short. Currently, the pattern is showing divergence. However, the trend line, the lifeline has strong support, as long as it does not fall below 116,000, there is a possibility of a rebound upwards. Do not go short near 117,500. Currently, we have re-entered the range-bound oscillation.
On the four-hour level, MACD has turned bearish, short-term bearish strength is weakening, it is recommended to go long at 117,500, add positions at 117,000, and set a stop loss around 116,000. Targeting around 119,500.
On the weekly level, the trend line is supportive, and currently, it is still in a bullish pattern, but this position is precarious, any trades must have stop loss, if it falls below 117,000, it may drop to 112,000. But if next week it can recover to 119,000, the rise will continue, the celebration will continue.
Currently, many altcoins have fallen back to their starting positions, it is recommended to buy spot in batches, and trade contracts with stop losses to go long.
If major issues are undecided, one can also lie flat and observe. Trading is a matter of probability. Any operation is fine, bringing along a stop loss is the right approach. It's okay to be wrong, just set the stop loss. Opportunities are always there. $BTC
