2024.8.20 BTC intraday market analysis

Brothers, Bitcoin has broken through 60,000, and the daily line closed on the long side again. In the past half month, brothers have also seen that the market has been bullish one day and bearish the next. The daily line has been washed out very strongly. Does the daily line breaking through 60,000 again today indicate that the market is about to start? From the daily line pattern, I mentioned in the market analysis yesterday that as long as Bitcoin does not fall below 56,000, the daily line pattern will still be there. Yesterday, it started to rush up after the lowest retracement near 57,700. Today, it can rush to 60,000 again. From the pattern, the daily line has already had a reversal pattern, so today I give you some operational suggestions:

Bitcoin can wait for retracement to 60,000-59,000 to arrange medium- and long-term long orders, with a leverage of less than 20 times. The position is advanced. 10% of the first bamboo shoots are placed at 56,000 first. When the daily line closes and falls below 58,000 again, you can leave the market first. The total bamboo shoots are only 5-6 points calculated by 20 times leverage. It is only 10% of the loss position. The target is 61800 first. If it breaks through 62000, then increase the position. I don’t recommend you to rub at the small level. You will only get bamboo shoots if it sweeps back and forth, especially the sideways fluctuations at the daily level. It is difficult for you to make a profit.

In addition, I recommend several daily-start altcoins:

Sol: Four-hour reversal bamboo shoots: 136

Cfx: Daily reversal multi-start bamboo shoots: 0.1266

Pyth: Daily reversal multi-start bamboo shoots: 0.2627

Open strategy brothers, do whichever you like, adjust the leverage and position management, not for anything else, just to live up to the brothers who like me,

Today, I still have to trouble the brothers to support the God of Wealth with the free tickets in their hands. Thank you very much➡️ 创作者投票传送门 ⬅️