Midnight Thoughts on August 23



From a technical perspective, in the 1-hour chart of Bitcoin, the price started to pull back after reaching the upper Bollinger Band, moving towards the lower Bollinger Band. The KDJ three lines formed a death cross pointing downwards, and the bullish momentum of the MACD is gradually diminishing, about to turn into bearish momentum. Therefore, the focus for the evening should still be on high short operations.

Operational Recommendations:

Short Bitcoin around 117000-117500, targeting the area of 116000-115200.
BTC-1.24%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)