Wall Street Encryption Morning Report 08.19: Wu Song is on vacation, will BTC still fall?



Viewpoint: Since the BTC reached a new high last week, we have been reminding everyone in the daily morning report to pay attention to the bears gaining strength and the focus shifting downwards. The maximum fall of BTC has approached 10,000 points, and it seems that the hero helping the bulls, Wu Song, has gone on vacation. In the short term, the current price is in a stage of rebound after an oversold situation, but it faces resistance at 117,000 to 118,000. It is expected that after today's rebound, another bottom test will be needed. The main strategy at present is to pay attention to the direction of the bearish forces and operate accordingly.

Trading strategy: Buy in moderation in batches near 115600 and 114700, and reduce long positions near 116900 and 117900.

Risk warning: If BTC cannot effectively defend 114000, long positions should take profit and stop loss, and observe from the sidelines.
BTC-0.13%
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ZhangSanfengVBitTrue_urevip
· 08-19 05:13
Today's morning report is equally impressive 👍👍👍, not only accurately predicting the fall trend of BTC, but also providing the go long buy points of 115600 and 114700 in advance, which have an immediate short-term arbitrage space of 700 to 1000 points 🤩🤩🤩
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