August 19, $BTC Market Outlook Analysis
Last night, when it rebounded to 65,000, I reduced my long position by some amount...~
You can regard this as a phase high.
Today, expect a pullback within the day. Key supports below: 64089-63900-63800.
It’s best not to break below~~~ Otherwise, the rebound scenario may continue.
If it breaks down, we need to look for a deeper pullback: 63200-63500-62800.
At present, the daily chart has closed with a bullish (green) candle, and the closing price is 64,600.
So today’s pullback will determine whether we can push up and form an even higher high.
The most important resistance level above is still 65,200. This is the dividing line for strength/weakness on the monthly chart.
There are also 13 days until a new monthly line opens.
If it opens higher and stays above 65,200, I think it will still rebound.
Personally, I reduced my long position. Today’s pullback will be added back.
I’ll keep holding spot—no changes.
Last night, when it rebounded to 65,000, I reduced my long position by some amount...~
You can regard this as a phase high.
Today, expect a pullback within the day. Key supports below: 64089-63900-63800.
It’s best not to break below~~~ Otherwise, the rebound scenario may continue.
If it breaks down, we need to look for a deeper pullback: 63200-63500-62800.
At present, the daily chart has closed with a bullish (green) candle, and the closing price is 64,600.
So today’s pullback will determine whether we can push up and form an even higher high.
The most important resistance level above is still 65,200. This is the dividing line for strength/weakness on the monthly chart.
There are also 13 days until a new monthly line opens.
If it opens higher and stays above 65,200, I think it will still rebound.
Personally, I reduced my long position. Today’s pullback will be added back.
I’ll keep holding spot—no changes.