Daily Trading Analysis of Digital Currency (August 22, 2024)

Last night, the digital currency market

After BTC failed to break through the resistance level of 61888 for the fifth time

It fell faster than the previous four times

The daily line did not stand firm at the mid-vertical line

In the past two weeks, it has shown a trend of oscillating adjustments and has been at 5.6-6.2

Today's view is downward and bearish

The mid-term combined with the information that the Federal Reserve cut interest rates in September

Still bullish to 6.8-7.2,

Combined with the main force's cyclical behavior about once every two months

Currently, it has gone from 4.9 to 6.2, only halfway

It is recommended to buy on dips

Start buying at 5.8