August 6 $BTC Market:



In today's market, Bitcoin's 1-hour price has broken through this level of the price division line, and the daily chart shows a bottoming pattern, so there are bullish signals on both large and small timeframes. Specifically, at the 621-624 level, it’s worth watching for a rebound.

If the daily chart is bullish, resistance is at 665 and 682. At these levels, a pullback will depend on how the daily chart forms a bottom pattern, such as a double bottom or head and shoulders. Therefore, in the short term, Bitcoin is bullish. If there are no signals on the right side, this position is not yet the place to open a short. It makes more sense to consider shorting around 665 later.
BTC2.05%
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