August 31st Airborne: Bitcoin is brewing a big market in the range, looking forward to the ups and downs next week~

BTC/Daily Chart

On the daily level of Bitcoin, after a sharp decline, it will enter a period of oscillation and once again brew in a range. Therefore, the vicinity of 57700 is still the key adjustment support for this week, as well as the previous turning point for the top and bottom conversion. At the same time, the resistance is at 61000. It was only pierced through yesterday and not yet established. Therefore, today or early next week, pay attention to the consolidation process within the range of 57700 to 61000. In addition, the bearish trend has not changed in the short term.

BTC/4H Chart

On the 4-hour level of Bitcoin, the price hit a low of 57700 in the early morning and warmed up for the first time. After several hours of early trading, the candlesticks rose slightly. As shown in the chart, it can be seen that yesterday was supported by the 60000 mark, with strong pressure at the 61000 level. These positions are relatively crucial. Only by breaking through and standing above 60000 can there be a strong move to test 61000 and above. Conversely, only by falling below 57700 can the need for a larger adjustment and decline be exaggerated. If neither position is broken, it will be stuck in repeated consolidation within the range.

Strategy 1: It is recommended to short in batches at 59400-59800, with a stop loss of 400 points, and the target is around 58500-58000.

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

There may be a delay in posting, and the market is changing rapidly. The mentioned points in the article do not serve as a basis for follow-up. For more information on the market and order execution, 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 lifting methods. It can achieve the integration of knowledge and action in fund management, position control, investment portfolio, and investment mentality. Proficient in judging and analyzing the overall market trend, and well-versed in various candlestick technical tactics, with deep insights into wave theory, form theory, and index theory. Scan and follow the public account above for learning technical market trends and exchanges.

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