BTC market analysis on August 25
BTC weekly opens higher. Key support below: 77644
Intraday support at: 78300-78057
Currently the 4-hour chart is at a high level, with a risk of pullback
But overall the structure is very bullish. There’s a high chance of moving in a correction without changing prices significantly
Sideways consolidation at the highs; MACD returns to the zero line; immediate rebound
So for the day, focus mainly on going long on dips:
Support levels provided in the live room below:
78309 78057 77644
Key resistances above: 81700 82217
82000 is the BTC key weekly meridian line. If it breaks through, the market may reverse—ending the bear market
BTC weekly opens higher. Key support below: 77644
Intraday support at: 78300-78057
Currently the 4-hour chart is at a high level, with a risk of pullback
But overall the structure is very bullish. There’s a high chance of moving in a correction without changing prices significantly
Sideways consolidation at the highs; MACD returns to the zero line; immediate rebound
So for the day, focus mainly on going long on dips:
Support levels provided in the live room below:
78309 78057 77644
Key resistances above: 81700 82217
82000 is the BTC key weekly meridian line. If it breaks through, the market may reverse—ending the bear market