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8.25 Monday morning BTC strategy
Over the weekend, BTC plummeted from around 1170 in the Saturday morning session to the 1106 area in the early hours, a drop of over 6000 points. It rebounded after hitting the bottom in the early hours and is currently fluctuating around 1136. The market is unpredictable and frequently undergoing shakeouts.
The 4-hour chart shows two large bearish candles breaking the middle track and the 1116 support. Although there has been a rebound, it is still in a bearish trend. In the future, pay attention to the resistance at 1140 and 1150; if it is difficult to break through strongly, the probability of a downward movement is high.
Short near 1137, 1141 in the morning, look at the 1120 - 1105 area, after falling do not break and reverse to long.