8.15 BTC morning market analysis, waiting for the key support of the big cake to bottom out before going long
The Bitcoin market continued to fluctuate downward in the evening. The current price has pulled back to the previous lower chip area of 58300, and then rebounded to 58800. At present, the 4-hour Bollinger band is slowly opening and running downward. It is expected that it will continue to fall and bottom out during the day. Now the MACD golden cross is slowly turning to the dead cross, and the KDJ is forcibly turning downward and diverging. The short-term technical side is heading towards the short side. The market should test the support of the lower track of the Bollinger band. This position happens to be the support near 58000. Wait for the pullback to bottom out and then decisively go long.
BTC operation suggestions:
Go long when the price falls back to 57500-58000, target 60000-61000, break 62000, stop loss 57000
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