The market trend of Bitcoin at #加密市场回调 has basically been determined for August. It is crucial to grasp the trend judgment; otherwise, reverse operations may take a long time to break even, and you might miss the last wave of the bullish market dividend!
Recently, Bitcoin strongly broke through 120000 and reached a historical high, then immediately retreated from the high, crazily harvesting the bulls. The current market is in another round of harvesting. Why? According to technical indicators analysis, a significant drop is seen as a signal for the bulls to clear out before it becomes easier to rise again. However, the market has initiated another round of bull harvesting! This is why I have always emphasized the importance of not rushing to go long.
Currently, Bitcoin is around 115000, and the next strong support level is around 112000. If it dips to this level, consider entering with a light position, ensuring you leave enough room for yourself. This way, you will have a better cost-performance ratio and won’t have to worry about missing the benefits brought by interest rate cuts in September.
Learn to befriend time and avoid trading impulsively. Be like a cheetah, patiently lurking and waiting for the prey to appear. Only enter the market when a certain market trend emerges. When there are signals of a change in the market trend, I will release information immediately. Please pay close attention to subsequent articles. $BTC $ETH $SOL
