8.28 Big-Bread Market Analysis
On Friday, the market moved as scheduled. After BTC probed the 81500 high, it quickly faced downward pressure and pulled back. The current price is 79,600. After the spike, the sell pressure above was released in a concentrated manner.
The large-scale bullish trend has not changed, but the 81,500 level is a strong resistance. The market closed with a long upper-wick K-line, and the price action has entered a high-range consolidation period to digest the move. The long-vs-short game is clearly intensifying, and we expect another modest upward push!
Trading suggestion
Go long at 79,000–79,400
Stop-loss at 78,500
Targets: 81,000–81,500
#BTC
On Friday, the market moved as scheduled. After BTC probed the 81500 high, it quickly faced downward pressure and pulled back. The current price is 79,600. After the spike, the sell pressure above was released in a concentrated manner.
The large-scale bullish trend has not changed, but the 81,500 level is a strong resistance. The market closed with a long upper-wick K-line, and the price action has entered a high-range consolidation period to digest the move. The long-vs-short game is clearly intensifying, and we expect another modest upward push!
Trading suggestion
Go long at 79,000–79,400
Stop-loss at 78,500
Targets: 81,000–81,500
#BTC
