BTC market analysis at 8:49am on August 26, 2024
After the Durov incident at the weekend, market panic increased, and the overall market began to stagnate, waiting for the impact of the official opening of Europe and the United States on Monday!
BTC is currently consolidating at the 64,000 line, and the lowest at the weekend was only 63,522, which is basically just at our first ultra-short point of 63,500. Although the TON incident has an impact, the impact on BTC is currently very small;
BTC completed the second top of 65,000 in the morning trading today, and the highest hit 65,175. It is okay to reduce positions at any time on Monday!
BTC attention
Support 63,000-63,500/62,300
Pressure is temporarily set at 66,000
There is a need to confirm the effectiveness of the support on Monday. If there is a forced long trend during the day, it can be regarded as an opportunity; in the case of intraday fluctuations, do not operate for the time being, and wait until the North American market opens in the evening to find the best opportunity!
Operationally: For the chips bought at a low price before the 22nd, you can reduce your position but don’t need to clear it out; on the 26th and 27th, the hot DOGS tonight is also a big test for market sentiment and capital. If there had been no Durov incident, the market would have been optimistic. Now the opening divergence is bound to increase. Let’s wait and see!
