The double-bottom pattern takes shape; waiting for the critical breakthrough at 64,200

Revisit the current situation of BTC (big pie) on 8.13: references for market thinking

A structural shift from “sharp sell-off” to “stabilization.” BTC has formed a very standard “potential double-bottom (W-bottom)” structure. The current price is testing the lower end of the prior consolidation range, in the 63,900–64,000 area. This is the dividing line between bulls and bears.

The price is trying to break through a long-term suppression line. If it can hold effectively above the 64,000 integer level, the next goal is to challenge the long-term moving-average resistance around 64,200. The current trend is a typical “higher bottom forming,” with the center of gravity moving upward.

If the candlestick body closes effectively around 64,000, try a long position with a light allocation.

First target: 64,400; Second target: 64,800

Wait patiently for the market to give direction $BTC #美国7月CPI与PPI数据本周出炉