Wall Street Encryption Morning Report 08.07: Longer performs Wu Song fighting the tiger



Viewpoint: This morning, Bitcoin rebounded to 115700 points and came to an abrupt halt. This level was an important support level for the longer last week, and it has now become a roadblock for the offensive. However, we believe that after confirming the low points with two pullbacks over the past two days, the longer can be seen to continuously rise in volume, indicating a methodical offensive characteristic. Today, it is expected to continue the rebound trend, staging a great performance like "Wu Song fighting the tiger"! The 115700 points will be broken through; it's just a matter of whether Wu Song will have to fight once or several times.

Operation strategy: Yesterday's morning newspaper has successfully grasped the low point of 113300 for everyone, and today we can make persistent efforts to absorb the dip in the range of 114800~114400, and pay attention to the resistance of 115700 and 116500.

Risk Warning: In addition to key technical levels that can affect Bitcoin prices, everyone should also pay attention to the sensitive date of August 8th, as the military movements of the US and Russia have a significant impact on the global financial market. Fans of longer positions can use the effectiveness of defending the 113300 level as an important indicator for whether to take profit or stop loss.
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