Review of BTC's previous market conditions. The analysis of BTC's midday trading on August 9 pointed out that after a sharp rise, we should first look at the profit space of the rebound. In terms of operation, it is recommended to short at the rebound high, and it is not recommended to go long. At the same time, it is pointed out that when it rebounds near 62,500, you can arrange a medium- and long-term short position to enter the market, with a target of 58,000-55,000. In the early stage, I had already arranged a medium- and long-term short position above 62,000. This morning, the lowest price fell to 58,100, and the short position perfectly grasped 4,000 points of profit. It is prudent to leave the market first or reduce the position and continue to hold, and the target remains unchanged at 55,000.

BTC's market analysis today, the trend chart is as shown in the figure. In the short term, pay attention to the break of BTC in the range of 58,000-59,300. Pay attention to the trend suppression level near 59,300 above. It is recommended to short if the rebound range of 59,500-59,300 is not broken; pay attention to the trend support level near 58,000 in the short term below. It is recommended to go long once if the range of 57,500-57,800 is not broken. If it breaks, look at the vicinity of 57,000 and then consider going long.

Technically, there are 4 consecutive negative lines in 2 hours, the Bollinger Bands are open and running along the lower track, and the short-term bearish trend continues. In addition, the previous TD indicator has a red 9 below, and you can wait for a red 13 before turning bullish. In terms of operation, it is recommended to continue to be bearish at the rebound high, and the long-term target is 55,000.

BTC midday operation strategy:

1.59500-59300 range short, target 58300-57800, stop loss 60000

2.57500-57800 range long, target 58500-59000, stop loss 57000

Risk warning: The market is changing rapidly, and transactions need to be flexibly controlled. Investment is risky and operations need to be cautious!