Action Guide for 14th August 2024

1. Worries about MTGAddress have been going on for a long time, but it has not caused panic in the market. The compensation for the loss of 30,000 BTC is nearing its end. The most likely news to cause a Long Wick Candle is undoubtedly the escalation of the Middle East conflict. Contract players must control their positions to avoid paying for the war. Auto-Invest continues to gradually buy in at 57800 and can continue to hold with peace of mind.
2. Although Trump is a king of rhetoric, his election has a certain boost to the encryption market, otherwise it is Unfavourable Information. But the current data shows that it is not so stable anymore, and Harris has overtaken in winning percentage.
3. The interest rate cut in September is almost certain. If tonight's CPI data is not significantly different, there is a high probability of continued volatility. The current range is 59500-61500, with major levels at 57800-63800. The overall range has shifted upwards, with short-term follow on the daily candlestick level resistance at 63300-63800 for shorting opportunities, with a potential profit of 2500-4000 points. Place the stop loss at 64000, which has a higher success rate.
4. The main melody in the next 1-2 months is to watch for new highs. Shorting is just a theft. Pay attention to risk control and also reserve positions to deal with unforeseen unfavourable information. Avoid buying in conflict.
Today's point sharing:
BTClong order
get on board59500
Margin Replenishment58700
stop loss58000
take profit61500-63500

BTCshort order
get on board63300
Margin Replenishment63800
stop loss64200
take profit61000-59500
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