8.19 Weekly Market Analysis: BTC

There was a false breakout of the downward trend line over the weekend, and the big negative K has been confirmed after the 4-hour close. The general trend is a bearish structure, with lower highs and lower lows, which is subject to the suppression of the trend line. So pay attention to the position distribution, mainly short orders, which is to go with the trend. Long orders can only bet on rebounds and leave after taking a bite.

Lower support level: around 57,600, around 54,400

Upper pressure level: around 59,600, around 62,000

At the support level, short orders can be reduced, and long orders can bet on rebounds (it is best to enter on the right side, and the stop loss is set at a few hundred points. Don't take the left side to prevent a direct drop) #btc