Analysis and trading suggestions for Deer Star on the morning of 8.29
From the current market perspective, Bitcoin has formed a three consecutive upward candlestick pattern on the daily chart, oscillating upwards and completely recovering the previous downward movement. It is currently in a state of alternating bullish and bearish trends, with prices consistently fluctuating around the middle and lower bands. On the four-hour structure, the price has once again come under pressure from the upper band, with candlestick patterns swapping, time replacing space. The short-term sideways movement is merely accumulating strength for the next unilateral movement. For now, it is still advisable to focus on a rebound and short trading strategy.
Operational Suggestions: You can short Bitcoin around 112500 and 113000, with the target looking towards around 110000; Auntie can short around 4530 and 4550, targeting 4400 nearby. #鲍威尔鸽派发言#
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Analysis and trading suggestions for Deer Star on the morning of 8.29
From the current market perspective, Bitcoin has formed a three consecutive upward candlestick pattern on the daily chart, oscillating upwards and completely recovering the previous downward movement. It is currently in a state of alternating bullish and bearish trends, with prices consistently fluctuating around the middle and lower bands. On the four-hour structure, the price has once again come under pressure from the upper band, with candlestick patterns swapping, time replacing space. The short-term sideways movement is merely accumulating strength for the next unilateral movement. For now, it is still advisable to focus on a rebound and short trading strategy.
Operational Suggestions:
You can short Bitcoin around 112500 and 113000, with the target looking towards around 110000;
Auntie can short around 4530 and 4550, targeting 4400 nearby. #鲍威尔鸽派发言#