The analysis and Bitcoin investment strategy for the coming week:

1. Bitcoin Price Analysis

• Current Price: $60,121.10, down 0.8%.

• Price Trend: Bitcoin price has had a sharp correction in the past 1 day but has since recovered to $60,144.54.

• Resistance: $62,500 and $67,500 price zones.

• Support: $57,500 and $55,000 price zones.

• Candlestick chart shows high volatility, with a short-term downtrend but signs of recovery at strong support.

2. Fear & Greed Index

• Fear and Greed Index: The index has fluctuated between 17 (extreme fear) and 74 (extreme greed) over the past two weeks.

• Current Index: On August 10, the index was 39, indicating that the market is still in a state of fear, but has shown signs of improvement compared to the low of 17 points on August 6.

3. Investment strategy for the coming week

• Buy: If the price drops to the $57,500 - $55,000 area (close to strong support), this could be a good opportunity to buy.

• Sell: Consider selling when the price reaches the resistance area of ​​$62,500 - $67,500, where strong selling pressure may appear.

• Risk management: Place a stop-loss order below $55,000 if the price fails to hold this support level. Take-profit can be placed at $67,500 or $70,000.

🌟 Note: Keep a close eye on the Fear & Greed index to gauge market sentiment, if it continues to rise, consider increasing your exposure.

Hope this strategy helps you next week!

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