August 5th Morning Bitcoin Market Analysis:


After experiencing a nearly 1000-point fluctuation in the early morning, Bitcoin has entered a stage of consolidation. From the perspective of the 4-hour chart, the bullish momentum is insufficient, and the bearish forces are relatively dominant.

Operation suggestions (for reference only):
Consider positioning short orders in the range of 115600-116200, with the initial target looking at the 114000-113000 area; if the price subsequently breaks below this support level, further downside potential can be pursued.

It is important to note that setting stop-loss orders is particularly crucial in a volatile market. It is recommended to reasonably plan your positions based on your own risk tolerance. #BTC#
BTC0.55%
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SummerLightYearsAwayvip
· 08-05 15:34
bull person
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