August 19 BTC Trading View

BTC provided a rebound expectation of 2000 points in the liquidation area yesterday, and many were able to capitalize on it!

After rebounding to a high point, BTC tested the weekly support at the 114300 area again and is currently experiencing a rebound at the hourly level, but the rebound strength remains weak, with continuous selling pressure above that has not been effectively digested.

For today's rebound, first pay attention to the 115600 area; once reached, it is advisable to take a small defensive position for a long trade. Below, first look at the 114200 area; if broken, watch for 112500.

It is important to note that if the long position at 115600 gets swept, the next short position can only be considered above 116700.