BTC Update as of August 30th:
đ On the 1-day timeframe, after several days of sideways price movement around the $26k region, BTC experienced a robust rebound to $28k last night. Notably, there exists formidable resistance at EMA34, EMA89, and EMA610. Subsequent adjustments are expected.
đ Similarly, the 4-hour timeframe for BTC is currently encountering strong resistance at EMA610. Additionally, a Hammer candle closed, indicating a potential minor correction.
đ The price gap at $28k has now been filled.
đ Personal Opinion: I am considering a SHORT position on BTC in the range of $28k - $28.3k, with potential SHORT positions around $26.5k - $26k. There is a possibility of a significant test around the $24k zone
