August 23 BTC intraday analysis



BTC is taking off! Finally, a daily level bottom model has appeared, which means the entire market can be reversed! The reversal continues to look bullish! After the interest rate cut in September opened the floodgates, the entire crypto world is celebrating! Although BTC did not reach the 110000 position, it has also reminded everyone to get on board multiple times! Next, aiming for 120000!

Currently, BTC has completed its bottom construction and is starting to reverse the entire market trend! The trend is directly bullish, mindlessly going long to see 120000, but still, try to buy on the dips! The pullback levels to watch are 114600-113500; these two positions will be the support and resistance swap locations! Next, BTC's oscillating upward will encourage altcoins to soar!

The resistance levels above BTC are 117500-118600-120000, and the support levels below are 114600-113500-111500! This time the pullback has cleaned out a lot of chips, and this may be the last cleaning before the interest rate cut. Whether it is the last time depends on whether 120000 breaks through or pulls back, but currently, the spot price can be entered! Don't miss the benefits of the upcoming interest rate cut! #BTC#
BTC-1.76%
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