Insights on Bitcoin's evening market on Friday, August 9

Life is a journey. It's not about how beautiful the destination is, but the scenery along the way and the mood of watching the scenery. Sometimes, we are in a hurry to get on the road, but we ignore the beauty around us. Only by stopping and listening to the voice of our heart can we find the real direction.

Bitcoin's overall trend during the day showed a rise first and then fall, but the strength of the decline was relatively weak. A round of rise in the morning directly hit the 62700 area under pressure, and then the market formed a rhythm of oscillating downward. At present, the lowest reached the 60200 area and rebounded again. The overall decline was relatively not too much. The trend structure is still biased towards the bulls, and the current retracement is just a correction. Continue to maintain the low-long idea in operation

At present, the price of the currency is still running in the upward channel in the 4-hour trend. The strength of the retracement is relatively small, and there is not much continuation. The moving average and the Bollinger band are both upward, so the short-term decline is just accumulating power, not a structural change. Although there is a decline in the hourly line, the rhythm is slow, and the overall sentiment is still restrained. So don't blindly chase the empty at this time, and continue to maintain the bullish idea in operation.

On Friday night, it is recommended to go long near 60200 for big cake, and the target is 61000-62000.

On Friday night, it is recommended to go long near 2600 for Ethereum, and the target is 27000-27500.

When you decide to do something, don't hesitate, don't be afraid, go all out to do it, and the result will not be too bad. Because in this world, the most terrible thing is not failure, but never starting.

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