#BTC# 8.15 Evening Analysis


The current price of BTC has retraced. Observing the 1-hour candlestick chart, the moving average system shows signs of flattening in the short term. After the MACD death cross, the green bars have slightly increased, indicating that the bearish forces are temporarily in control. However, the trading volume has not significantly increased, suggesting limited selling pressure. If the key support can be maintained going forward, there may be a chance for a rebound, and it is essential to closely monitor changes in trading volume.
Suggestion: Short around 118500, looking at 117900 to 117300
BTC0.85%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)