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