8.12 Afternoon BTC Trend Analysis


The price of BTC has retraced from yesterday's high and is currently oscillating in the range of 119700-117900, indicating a consolidation phase after a decline. When the price touches the lower bound, it often signifies short-term overselling, creating a demand for a rebound.
Operation Strategy:
Long with a light position in the range of 117800-118500
Target 121000, if the rebound is strong, it can be seen at 122000 #BTC#
BTC-1.39%
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