August 24 BTC market analysis $BTC
Today, BTC just opened a new weekly candle, and it only barely closed near 77559
From the order book, the move is not as strong as the “second biscuit”
The key is whether it can break through the pressure range 77380-79232-82200
If it breaks, it may reverse
At present, on the daily timeframe, everything is trying to push upward; for now, we’re not considering going short in the short term
Support below: 74458-74070. As long as it doesn’t break below this level, the market is strong, and we can still look for a rebound afterward
Next, we’ll observe whether it can consolidate at a high level. After a high-level consolidation, the probability of pushing higher is greater
For today: we still need a pullback to the support below to confirm it’s valid, and then there will be a chance to keep pushing higher
Today, BTC just opened a new weekly candle, and it only barely closed near 77559
From the order book, the move is not as strong as the “second biscuit”
The key is whether it can break through the pressure range 77380-79232-82200
If it breaks, it may reverse
At present, on the daily timeframe, everything is trying to push upward; for now, we’re not considering going short in the short term
Support below: 74458-74070. As long as it doesn’t break below this level, the market is strong, and we can still look for a rebound afterward
Next, we’ll observe whether it can consolidate at a high level. After a high-level consolidation, the probability of pushing higher is greater
For today: we still need a pullback to the support below to confirm it’s valid, and then there will be a chance to keep pushing higher
