Yiming's Trading Diary

All content in this article is personal opinion, for learning and communication only, not as a basis for investment. The operation based on this carries its own risks.

As August enters the countdown, the turbulence at the beginning and end of the month has left many people uncertain about the future market performance. However, the rules of the trading market are similar to the four seasons of farming. Sowing and harvest are not in the same season. The market performance in September is worth looking forward to. Often, before a major market movement, the market will be in complete darkness.

Last night, BTC once again broke the new low of the day, but the magnitude was not significant. The most noteworthy change was in the exchange rate. In terms of structure, it formed a bullish engulfing candlestick. If the daily chart can rise above the 0.04331 level, it will signal the end of the exchange rate's second daily retracement, which will be beneficial for the recovery of altcoins.

Currently, the lifeline position of BTC on the hourly chart is at 59986, and on the four-hour chart, it is at 60198. Once these two positions are surpassed, it will also signal the end of the adjustment for mainstream currencies.

Let's exchange time for space. The best often comes last. I believe that after entering September, it will definitely be a season for making profits.

For custody consultation, find Brother Ming on the official account. This article is original content by Yiming. For more information, you can follow the official account "Yiming's Trading Diary" to get the latest cryptocurrency news as soon as possible.

Message: Never give up. The best things always come last.

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