August 8th Bitcoin Auntie's Morning Thoughts
After Bitcoin's decline, it has yet to see a strong rebound, and the bullish momentum is clearly waning. Once the key support level at 90,000 is broken, the bears will fully open up the downward space.
Looking at the 4-hour K-line chart, the bears continue to volume sell-off, with the price only barely supported after dropping to the lower Bollinger Band. The indicator on the chart resonates with the market, indicating bearishness, with no signs of a short-term rebound. The intraday trading strategy is clear: mainly short on rebounds, follow the tre
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