The support and resistance levels for Bitcoin have been clearly defined.

CN
11 hours ago

Urgent Reminder! The market on Monday, August 25, hides secrets, and the support and resistance levels for Bitcoin have been clearly defined. Today's trading rhythm will directly determine this week's profits!

Hello everyone, today let's take two minutes to thoroughly understand the current market trend. Whether you are a contract trader or a spot investor, you can find a rhythm that suits you. First, let's focus on the core data of Bitcoin: the 4-hour K-line is currently in a state of shrinking volume and rising. After breaking below the key level of $111,625, it formed a bottom divergence structure, which led to a small rebound, but the trading volume has not kept up. In such times, blindly chasing highs is a trap! Be sure to remember two key resistance levels: around 115,852 and 117,515, as these positions are likely to see a pullback; the support levels are around 111,670 and 109,187, which are important entry reference points.

There are three significant technical signals that must be taken seriously: First, all medium and small cycle indicators below the daily line show bearish resonance, indicating a bearish mid-term trend; Second, the daily MACD indicator has formed a typical "bearish oil leak" pattern, which often suggests a need for further price pullback; Third, in smaller cycles like the 15-minute and 30-minute K-lines, once the price retraces and rebounds to the EMA60 moving average position, or forms a double top pattern and touches important neckline resistance, it is the best time to lay out short positions in contracts. This signal must be closely monitored.

The trading strategy must be clearly distinguished: the core idea for contract traders is "short on highs." Be sure to set stop-loss orders when entering the market and protect against risks; remember, "the seatbelt cannot be loosened." Spot traders should not rush to chase the price; wait for the price to pull back to the support levels mentioned earlier, and consider placing light orders to reduce risk through a phased entry approach.

Additionally, it is important to remind everyone that mainstream coins, sub-mainstream coins, and altcoins usually follow the rhythm of Bitcoin, so you can adjust the layout strategies of these coins based on Bitcoin's trend. However, regardless of which coin or trading method you choose, always remember "investment carries risks, and caution is needed when entering the market." The above analysis is for reference only; actual operations should be combined with your own risk tolerance.

Grasp today's key support and resistance levels, see the core rhythm of the bull-bear game clearly, and making money by watching the market will give you more confidence. I wish everyone can accurately ambush the key points today and have smooth operations!

For more strategies, follow the public account: KK Communication

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