Analysis on the morning of 8.24


Suggestion
Pancake: Fluctuating around 114200-113500, target 117200
The two cakes are around 4720-4680, with a target of 4800-4900.

#BTC#
Analyzing the 1-hour chart from yesterday, Bitcoin has gradually stabilized after a retracement of nearly 2000, within the lower Bollinger Bands area. The current technical indicators show key positive signals: the MACD histogram continues to shrink, indicating a significant decrease in bearish momentum; at the same time, the candlestick pattern has turned upward, with initial signs of bullish momentum gradually accumulating. In summary, the suggested trading strategy during the early morning period is to rely on the support below and focus on buying the dip.
BTC-2.52%
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TakeItSlowCvip
· 08-23 16:21
Quick, enter a position! 🚗
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