August 21st Airborne: The short-term bullish trend of Bitcoin comes to an end! Today's latest trend analysis and recommendations

The market is always so frustrating, but you are helpless. You always wonder why you keep losing. Sometimes you need to carefully consider why you entered this market. Money? Maybe, for all of us. But the premise of trading is not to think like this. You need to be mentally prepared. Only when your mindset is good can you truly dare to take action, dare to place orders. This is the key to mindset. Grasping the market is just my duty and has nothing to do with you. So, the general advice is not to watch the market. Since you have chosen to trust, why torture yourself? As for me, since I have chosen to accept, I will definitely dare to face it.

BTC/Weekly Chart

Bitcoin weekly level: Today, the focus is on interpreting the weekly chart (as shown in the figure). In the previous round, the price rose from a low of 56100 to near 61800, with an increase of 5700 points. Referring to the price fluctuations of the previous two rounds, it eventually returned to the parallel price of 58500. This week, the opening price of this round is 58300, close to the midline of 62000, and once again encountered pressure for adjustment. After all, the recent rise to 61300 is not far from the midline of 62000. In short, the space for a strong one-way upward pull in the mid-term is not very large for the time being. It is temporarily at a certain risk edge. However, be prepared to guard against sudden diving and consolidation at any time. According to the theory of the same increase, it may fall to around 57000, temporarily opening the next round of downward adjustment. Therefore, special attention needs to be paid to the gain or loss of the 56000 support line this week. It seems to be a fuse, whether to continue the strong one-way upward pull, or to start a downward adjustment in line with the technical channel pressure.

BTC/Daily Chart

Bitcoin daily level: The candlestick closed higher yesterday, and there was a pressure adjustment near the midline of 62000 after a rise and fall during the day. It maintains a bearish trend relying on the 60-day moving average. Any downward adjustment or high-level consolidation is to prepare for further historical highs in the future. The judgment of the peak should not be based on how fast and high the price rises, but should be based on the cyclical deduction of the bull market time at the monthly level. There will definitely be a certain adjustment during the process, and to avoid the turning point of the adjustment as much as possible, it is necessary to combine the judgment and analysis of the previous level, as well as the subsequent obvious daily pressure forms. Currently, the short-term 60-day moving average resistance is at 61500. If the price appears at the edge, pay attention to a significant downward probe. Confirming support at 56000 after a channel pullback, it is necessary to pay attention to the stabilization of these two positions.

BTC/4H Chart

Bitcoin 4-hour level: Yesterday, the resistance near 61300 temporarily led to a decline, with the lowest reaching near 58500. A continuous small-scale rise in the short position appeared in the market, and today's focus is still on the gain or loss of the 61500 level. Only if there is a small continuous rise, a strong short squeeze will appear, and the downside can test near 57000. The key support is near 56000.

Strategy 1: It is recommended to short at 60500-61000 in batches, add positions at 61500, stop loss at 62000, and target around 57000-56500.

The above is a personal suggestion, for reference only. Investment involves risks, and trading should be cautious.

There is a delay in publishing, and the market changes in an instant. The points mentioned in the article do not serve as a basis for following orders. For more information on the market and unwinding positions, please refer to the real-time strategy of Airborne.

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This article is original by Band Airborne, with over ten years of investment experience, having handled funds at the level of tens of millions, familiar with the operation of main funds, washing and absorbing chips, and raising methods. It can achieve the integration of knowledge and action in fund management, position control, investment portfolio, and investment mentality. It is good at judging and analyzing the overall market trend, proficient in various candlestick technical tactics, and has a deep understanding of wave theory, form theory, and index theory. Learn technical market trends and communicate by scanning and following the public account above

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