[Analysis: Bitcoin Tests $65,400 Twice Without Breaking Through, Large Buy and Sell Orders Accumulate Awaiting Directional Choice] BlockBeats News, August 8, crypto analyst Lennaert Snyder stated that Bitcoin has tested the $65,400 level twice without breaking through, while there is also strong support at $62,300 below. The price is fluctuating between these two levels heading into the weekend. This week's market trend has been relatively slow, making it temporarily unsuitable for shorting. The plan is to wait for an upward breakout above the current high, complete a surge, and then consider establishing short positions. The longer-term target remains at $68,100, and once reached, it is expected to break past last month's high as well. Analyst Lennaert Snyder mentioned that he will wait for the aforementioned movements to materialize before planning a significant pullback or swing trade. Currently, part of the short positions have been closed to lock in profits and reduce risk exposure. The market is currently in a tense phase, with a large number of buy and sell orders accumulating between the two key price levels, awaiting a confirmed breakout before taking action. [Original Link]