2024.8.21 8:52 AM BTC Market Analysis
Good morning, brothers. I am Saoge. Let's take a look at the current BTC trend. Last night, we predicted that BTC will start to retrace, and gave the 60,000 integer psychological barrier. If it falls below, it will test the 59,600 line. If it breaks, it will test the 58,500 line. Yesterday's lowest price was just 58,500, and it is now consolidating at the 59,000 line.
The North American market continues to perform a "hat trick". As long as you dare to do it in the evening, the North American main force must teach you a lesson. This is also the reason why we have been emphasizing recently that we should try not to operate in the early morning!
BTC Focus
Support 57300-57500/55150
Pressure is temporarily set at the 60,000 integer psychological barrier
The key point at the moment is the low point of 58,500 in the early morning. Pay attention to the support strength of the 58,500 line during the day. Will there be an opportunity to squat at the 58,000 line!
Operationally: The opportunity for spot trading is in this wave of squatting. Don't be anxious and keep patience. This kind of rapid rise and fall is so frequent. It is either a stage bottoming out or a stage top. No matter which one it is, it will not affect the appearance of the band space!
