View on the evening of August 18:
After the afternoon pancake stopped falling, it entered a narrow range consolidation, with bulls and bears forming a brief balance within the range. From the 1-hour chart, the price approached the lower bound in the afternoon and gradually moved upward, temporarily leaving the oversold area, indicating signs of marginal slowdown in short-term bearish momentum. Meanwhile, the price is close to the lower support level. For evening trading, it is recommended to focus on low long positions.
Operational Recommendations:
114300-114800 more, target 116000-117000, def
After the afternoon pancake stopped falling, it entered a narrow range consolidation, with bulls and bears forming a brief balance within the range. From the 1-hour chart, the price approached the lower bound in the afternoon and gradually moved upward, temporarily leaving the oversold area, indicating signs of marginal slowdown in short-term bearish momentum. Meanwhile, the price is close to the lower support level. For evening trading, it is recommended to focus on low long positions.
Operational Recommendations:
114300-114800 more, target 116000-117000, def
BTC-1.19%