8.29 BTC latest market analysis: Emergency notice, Bitcoin crashed 7000 points, and the resistance level of altcoins collectively dived. Bitcoin will continue to maintain a wide range of fluctuations, revealing the trading opportunities in September.

After Bitcoin failed to break through the highs in the morning and fell under pressure, the price stabilized above 59,000 and began to rebound again and returned to the vicinity of 60,000. Although the short-term repeated a little, it is generally accumulating momentum to break the neckline. Grasp the high position, there are many opportunities. After the daily line successfully turned into a negative K-line. Begin to accumulate momentum to break the neckline and look bearish.

  From the four-hour trend chart, the intraday rebound momentum began to weaken, and it began to move down from the high point of the rebound, while repeatedly testing the low point, which belongs to the rhythm of accumulating momentum to break down in the oscillation and sawing. The process was repeated a little, but the overall trend remained unchanged. The US dollar has a tendency to strengthen, and the price remains weak and downward. Combined with the step high point of 61,000-61,500 as the critical point. Rebound below the critical point is bearish, preparing for the future market to break the neckline. For intraday short-term thinking, continue to maintain a high-altitude thinking and participate.

BTC operation suggestions: enter the market with short orders when it rebounds to around 61300-61800, and the target is 60000-59000, and break 58000. The main focus is on reversing positions and unwinding at high positions. Follow-up consultation WeChat: eth2870.

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