【2024-8-16 BTC Trend Analysis】

Currently, Bitcoin is in a small cycle of oscillation and upward movement. We do not do this kind of long order because it is unstable and annoying. We did not open a single order today. If we want to do it, we will wait for the daily line to stand above 59216 before entering the market. As for whether it can go up here, it is not clear. This pressure level is relatively large. It still takes a certain amount of time to break through this position. It is better to miss it than to do it randomly. (Warm reminder: If you don’t understand the market, try not to do altcoins)

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