8.2 Morning Thought Analysis Continue to Short It!



Bitcoin continues the bearish trend from yesterday, experiencing downward pressure. The lowest point has dropped to around 1127, with the current price oscillating near 1134. Overall market sentiment is rather gloomy, and bearish forces still dominate. From the chart movement, the support level of 1140 from yesterday has successfully transformed into a short-term resistance area. After breaking through the 1140 level, Bitcoin's price did not rebound significantly, but instead continued to decline, indicating a lack of buying power in the market.

The operational suggestion for today is still to follow the trend and maintain a bearish outlook. In the short term, short positions can be executed in the range of 1135-1140, with a stop loss set around 1145. The short-term target price range is 1120-1110. If it further breaks below 1120, it may exacerbate the downward trend, at which point adjustments to the strategy can be considered based on market reactions.
BTC-1.5%
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