Bitcoin faced resistance at the resistance level this afternoon, and market sentiment appears somewhat cautious. Many traders may have already engaged in shorting to seize this short-term adjustment opportunity.



The overall market trend remains bearish, but investors need to closely monitor the support level at 1141 points on the daily chart. This key level may become an important factor in determining the trend in the short term. If this support is broken, it could trigger further declines; if it holds, a rebound may occur.

Currently, a wise strategy is to remain vigilant and keep an eye on market changes. After confirming a trend, one can consider establishing new trading positions at high points. However, given the high volatility of the cryptocurrency market, investors should operate cautiously and manage risks effectively.

In addition, it is worth noting that although there may be adjustments in the short term, in the long run, Bitcoin's position as a digital asset remains solid. This market volatility may provide good entry opportunities for long-term investors.

Regardless, it is crucial to remain calm and rational in this rapidly changing cryptocurrency market. Continuously monitor market dynamics and adjust strategies in a timely manner to navigate this market full of opportunities and challenges.
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RebaseVictimvip
· 08-19 14:52
The swing trading folks must have thrown in the towel...
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HackerWhoCaresvip
· 08-19 14:51
So now is a good opportunity to enter a position!
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StakeOrRegretvip
· 08-19 14:49
Another trap, right?
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ChainSauceMastervip
· 08-19 14:49
Just go with the flow and wait for new highs.
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HorizonHuntervip
· 08-19 14:32
The bull run is here, don't run! Don't panic.
View OriginalReply0
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