[Analysis of BTC market at 10:10 am on August 29, 2023]
First of all, let’s review yesterday’s Bitcoin trend. Yesterday’s short-term cycle was like Mount Tai pushing the top, forcing the bulls first and then looking for opportunities to seize the opportunity to overtake and reverse; when it was released, it was 26085, a small needle was inserted to 25850, and it rebounded to 26244 in the evening. This small wave Super anti-basic prediction!
Today, we continue to try to weave around the 26000 line. This range has not been effectively broken. Before that, we can do band operations around this range!
For altcoins, it is advisable to take it as soon as you make a profit. Although the pie has been stable recently, altcoins are a bit more neurotic, and the market prices are even based on points!
Today BTC continues to focus on support 25100-25300/25700 and pressure 26500/26800-27300
If the spot price is over-sold, then enter, if it bounces up, the principal will be withdrawn, and the profit will be retained. The contract will continue to play around the BTC band! $MAV $ARKM $SEI
First of all, let’s review yesterday’s Bitcoin trend. Yesterday’s short-term cycle was like Mount Tai pushing the top, forcing the bulls first and then looking for opportunities to seize the opportunity to overtake and reverse; when it was released, it was 26085, a small needle was inserted to 25850, and it rebounded to 26244 in the evening. This small wave Super anti-basic prediction!
Today, we continue to try to weave around the 26000 line. This range has not been effectively broken. Before that, we can do band operations around this range!
For altcoins, it is advisable to take it as soon as you make a profit. Although the pie has been stable recently, altcoins are a bit more neurotic, and the market prices are even based on points!
Today BTC continues to focus on support 25100-25300/25700 and pressure 26500/26800-27300
If the spot price is over-sold, then enter, if it bounces up, the principal will be withdrawn, and the profit will be retained. The contract will continue to play around the BTC band! $MAV $ARKM $SEI