8.20 Wednesday Morning Analysis
Last night, I suggested everyone go long around 113800, and now it seems we've been trapped with almost a thousand points of space. For those who followed the operation, there's no need to rush to add positions.
From the 1-hour K-line of Bitcoin, it seems that it will continue to test the support below. The focus will first be on whether it can hold around 112500; if it can't, then we look to 112000, where we can consider adding positions.
Bitcoin had a slight rebound last night, then continued to drop directly. However, the range is getting smaller, and we are just waiting for a rebound to see if it can go up directly.
Morning Operation Suggestions
For Bitcoin, between 112400 and 112800, look towards 115000; if it breaks through, continue to look up towards 116500. If it doesn't break, you can directly reverse and go short.
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