8.26 Bitcoin Today’s Silk Road (Stabilization and Low-Entry Longs)
Market overview: After surging to 81,270.5, the price pulled back and completed a round of correction, hitting a low of 77,808. The current price is 78,844, fluctuating and recovering near the Bollinger middle band. MACD is turning upward from the bottom, while trading volume is gradually recovering. This is a range-bound recovery following the pullback, with a clear struggle between bulls and bears.
Key levels: Resistance above at 79,500–80,000; first support at 78,505, with strong support at 77,800.
$BTC
Entry: 77,800–78,100
Stop-loss: 77,400
First target: 79,000
Second target: 79,700
#BTC突破81000美元
Ultimate target: 80,100–80,500
Trading summary
1. After the earlier surge and pullback, the price is now in a recovery phase. Do not chase either direction; wait for signals at key levels.
2. If the price stabilizes above 80,100, the pullback is over and the market will return to a bullish trend; abandon the short-side strategy.
3. If 77,400 is decisively broken, the pullback will continue. Avoid long positions and continue to expect further downside.