BTC Market Analysis on August 14
Last night there was a spike down to 62,800. I placed an order at 62,860 and got filled.
The additional position has been reduced; the core position is still being held.
From today’s chart, the support zone below and the resistance zone above are both relatively clear.
So today you can do both: long at lows and short at highs.
Support levels: 63,000–62,800; 61,800–61,500; 61,080–60,800
Trading plan:
At support you can consider opening the first, second, and third tranches.
For the larger part of the position, only do short-term trades; the core position can be kept depending on how things develop.
Resistance levels: 64,043; 64,200; 64,780; 65,200
For intraday shorting, only consider short-term trades—take profit when price reaches support.
Personally, I think doing a longer-term short at this price is too low and doesn’t offer good value. $BTC
Last night there was a spike down to 62,800. I placed an order at 62,860 and got filled.
The additional position has been reduced; the core position is still being held.
From today’s chart, the support zone below and the resistance zone above are both relatively clear.
So today you can do both: long at lows and short at highs.
Support levels: 63,000–62,800; 61,800–61,500; 61,080–60,800
Trading plan:
At support you can consider opening the first, second, and third tranches.
For the larger part of the position, only do short-term trades; the core position can be kept depending on how things develop.
Resistance levels: 64,043; 64,200; 64,780; 65,200
For intraday shorting, only consider short-term trades—take profit when price reaches support.
Personally, I think doing a longer-term short at this price is too low and doesn’t offer good value. $BTC