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August 15 BTC evening thought sharing
The downward correction brought about by yesterday's news impact is a result of the main force wanting to clean up; there's no need to dwell on it, as what should happen has already happened. To respond to the data results from last night, Fa Ge had already revealed in Silk Road that if the data was poor, the support would be moved to around 117500. As it turned out, the perfect pin was struck last night, with a rebound offering a space of 1800 points, and again it was a profitable trade!
Currently, due to yesterday's adjustment and with the weekend approaching, we should treat the intraday situation as a corrective trend. For the intraday, we can first pay attention to the area around 119800-120800 for a short-term position. If we cannot break through in the evening, we may consider shorting nearby. If we continue to break through during the night, we can look at 122000-125000 for the position.
Currently, you can pay attention to the range around 117000-118000, and consider making small accumulations nearby during the day. If the price breaks above this range again in the evening and the rebound ends, then we will move the subsequent support level to around 114200-114700.
[The situation changes quickly, remember to bring good protection (the protection interval can be set to 500-1000 points)]
(Personal experience sharing, for reference only ❀)