The hot market of 8 has quietly begun. Recently, the market has been fluctuating back and forth, experiencing extreme volatility, so there have been fewer updates on the market, mainly because there isn't much to discuss. The support hasn't been broken, and the resistance hasn't been broken either. Looking at both shorting at high and buying low, one can make quick profits, but in actual operation, it is often easy to chase highs and cut losses, getting beaten back and forth!

Bitcoin’s monthly chart shows a small bullish hammer candle. The mid and lower Bollinger Bands are both opening downwards, especially the lower band. On the weekly chart, both the mid and lower bands are opening downwards, but it is important to note that the KDJ is currently crossing upwards, and the MACD bullish energy is still in oscillation. Therefore, shorting must focus on high positions, and do not chase shorts. On the daily chart, the mid and lower Bollinger Bands are also opening downwards, and both the KDJ and RSI are opening downwards, with the MACD bearish volume continuing to increase. Thus, in terms of operations, Zhongliang's viewpoint remains primarily to short at high levels!

For intraday short-term operations, focus on the upper pressure levels of 63500 and 64000. Considering entering a short position here for the initial position, and for scaling in, consider the levels of 65000 and the previous high of 67000. The lower support levels are 62500, 61500, and the key level of 60000.

For the second derivative in the intraday short-term, focus on the upper pressure levels of 1880 and 1900. You can consider entering a short position here for the initial position, and for scaling in, focus on the previous high resistance levels of 1940 and 1980. The lower support levels to pay attention to are 1840, 1800, and 1750.

Recently, the market trend has seen significant divergence between bulls and bears. The bears will believe that the high-level consolidation and the failure to break the previous high resistance mean the market still requires further testing of lows, while the bulls will think that the market is gathering momentum at high levels, with little force in the pullbacks, indicating that the highs are being raised, which is a bottom-building signal. Regardless of whether one is bullish or bearish, remember not to chase highs and cut losses. If you are bullish, then near the support during each pullback is your opportunity to consider entering long. Conversely, if you lean towards bearish, then resistance during rebounds is your opportunity to short; they are mutually beneficial, completing each other!

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