Analysis of Bitcoin market on August 21: Intensified volatility, the eve of a breakthrough?
In yesterday's market observation, we foresaw that Bitcoin encountered strong resistance in the 61000-62000 range, which has become the "ceiling" that has been repeatedly attempted to break through. Today (August 21), the market is still hovering in this range, showing strong volatility characteristics. From a technical perspective, this long period of sideways consolidation may be accumulating power for the next round of breakthroughs. Although the probability of an upward breakthrough in the short term is still high, investors need to remain cautious, respond with a volatile mindset, and pay close attention to the performance of 57700-58500 as a support area.
