Monday, August 26: Bitcoin is accumulating strength to move upward, where will the market go in the future?

The market was relatively stable over the weekend, and it has been fluctuating in a narrow range between 64000 and 64500. The lowest price dropped to 63600, and the highest price during the day reached 64599, with a small overall fluctuation.

In the morning, Bitcoin rushed up to touch 65000 and was blocked and fell back, indicating that the bulls still have spare strength, and there is still feasible space above. The market is still mainly dominated by bulls, and the upward trend at the daily level is still relatively obvious.

From the four-hour technical indicator chart, the operating channel remains flat, the price surge failed to continue and fell back, and the moving average also showed a consistent upward trend. The upper channel is about to open, so the main long participation is still during the day.

Operations on Monday morning

For operations, I personally recommend 64300-63800 to take more, the target is 65300-66000, and the break will continue! #杰克逊霍尔年会 #新币挖矿DOGS #Telegram创始人被捕 #MtGox钱包动态 #美联储何时降息？ $BTC $ETH