8·26 Wednesday Latest Analysis on Bitcoin
After a surge in Bitcoin prices last week, the price trend began to flatten, with fluctuations in the upper and lower ranges narrowing. Both bulls and bears now have very good opportunities, marking a favorable time for retail investors who prefer short positions.
From a technical structure perspective, the daily price is rising, with the candlestick forming a U-shape. The upper double-top will inevitably face pressure in the short term, and the strongest support is near the key level of 75500. Yesterday, the price peaked at 81200 before dropping, leaving an upper shadow. This indicates strong pressure from above, suggesting a certain risk of a pullback; however, don't expect a deep retracement, at most 3000-5000 points.
On the four-hour level, Bollinger Bands are in an upward opening state, and the large candlestick pierced the upper band and then retraced, forming a double bearish candle with a small bullish candle continuing the bearish trend. After breaking below the mid-band, it closed above the mid-band and went bullish. For a better decline, the candlestick must fall below 78. From the auxiliary indicator MACD, the bearish entity is increasing, showing downward momentum; thus, a rebound during the day can be considered for a short position.
It is recommended to look for bearish positions in the 79200-79500 range in batches, targeting around 78000. If it breaks below, consider continuing down to the key level of 76000; these levels are for reference only.
Follow the public account, "What Can Resolve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value, offering free trading education. It brings stable strength and clear guidance in the restless trading market, having navigated through three rounds of bull and bear markets and years of practical trading experience. Skilled in naked K, trends, Dow Theory, Gann, harmonics, Chan Theory, Elliott Wave Theory, and other technical analyses, it consolidates into unique insights.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
