Morning thoughts on 8.15:


After the PPI data was released last night, Bitcoin accelerated its decline, stabilizing around 117000 in the early morning, and the bearish trend has clearly slowed down.

From a monthly perspective, although the short-term rise has encountered resistance, the focus continues to shift upwards, and the overall bullish trend remains unchanged; from a short-term view, it is highly likely that a rebound and consolidation will occur at this position. Pay attention to the resistance level at 120000-121000 above and the support level at 117000 below. If the daytime stabilizes, there is hope to fill the gap from yesterday's decline.

BTC Operation Suggestions:
Retrace in the range of 117000-117800 to do a long, target 119000-120000, strong breakthrough can continue to hold; defense at 116500.
#BTC再创新高#
BTC-1.09%
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