August 22 BTC Operation Analysis

After BTC price dropped to 112,000 and found support, it has rebounded slightly and is currently fluctuating around 112,600. 112,000 serves as the starting point for the previous upward movement, and its support effect is very significant, making its validity crucial for the short-term market direction. If the morning session can hold this level without breaking below, the subsequent rebound momentum is expected to be further released. It is recommended to seize the opportunity to go long at lower levels.

Personal suggestion, for reference only:

112,000 can be used to set up long positions, with an initial target of 114,000 area, and if it goes up, do not continue to short.