【Market Review】
On August 9, Bitcoin rebounded 28% from its low point, reaching the Fibonacci 618 golden point.
Yesterday, the lowest point of Bitcoin was 54672, the highest point was 62737, the fluctuation was 8064, and the amplitude was 14.7%;
The lowest point of Yitai is 2318, the highest point is 2723, the fluctuation is 405, and the amplitude is 17.5%.
At present, the price of Bitcoin is 61358, and the strong resistance of 62000 has been reached. The spot can take half of the profit and wait for a callback to 58000 before entering again. The short-term resistance is 62200 and the support is 60650.
The price of Yitai is 2683, which just broke the 4-hour downward trend line resistance. If it holds, the next level is 2850. If it fails to hold 2600, it may become the decline high point. The short-term resistance is 2792, and the support is 2620.
The first target of the short-term rebound has been achieved. Spot and long positions should take half of the profit and don’t be greedy.
The green rising trend line has been used repeatedly recently. Positions 1 and 2 induced short selling, and position 3 caused a drop. Now position 4 has a moving average death cross, trend line counter-pressure, and 15EMA moving average suppression. The rapid rise is confusing. First operate according to the short signal, pay attention to the closing of the daily chart, and then determine the short plan.
There is little possibility that Bitcoin will rise sharply during the day today.
【Real-time news】
The US labor market data was good, the unemployment benefits fell more than expected, easing the economic recession concerns, US stocks rebounded, and the cryptocurrency market soared. Bitcoin spot ETF capital inflows reversed.
There has been progress in FTX's compensation. A US judge ordered it to pay 12.7 billion to creditors, and funds may flow back into the crypto market.
Russia makes crypto mining legal.
Ripple's dispute with the SEC has come to an end, and XRP soars.
The subsequent risk market is affected by many factors, such as the global economic recession, geopolitical wars, the Bank of Japan's interest rate hikes, and the US election.
[This is a daily script, not an investment advice, for reference only! ]
Bitcoin changes very quickly, so it is very necessary to update everyone, for reference only:
Yesterday's short orders were not comfortable because the price changed by 8,500 dollars in one day. The long orders in the middle were also not comfortable because the price kept going up and down many times.
If the real-time short order we arranged yesterday did not stop profit in time, it would also become a stop loss.
At the same time, we arranged long orders near 545 and 565. If there is an upward pattern, the range would be 8500 and 6200 dollars respectively by now.
Today I will try not to talk about anything too real-time, so I will start by saying:
Previously, we had accurately bought at the bottoms of 491, 545, and 665 and made huge profits. We also invested in spot meme coins such as SOL.
The current long and short risks are increasing, long: 59300, 56600, 54600, stop loss 350 US dollars;
Short: 65600, 67000, stop loss 350 USD;
Real-time orders are 606 long and 636 short, with a stop loss of 330 USD.
Real-time single-speed payback, adjustable to $100, used and never used again.
Close the order as soon as possible and leave 1/4 of the position with a stop loss.
Ethereum and other platforms open orders based on Bitcoin.
Good luck to everyone.
