8-10 midday BTC strategy analysis

After this wave of a 2000-point surge, some are happy while others are worried. The current market situation has become unreliable if analyzed solely through technical aspects. Meanwhile, there is continuous pressure on the Federal Reserve from the Americans, with bullish news constantly emerging, and a rate cut in September is imminent. Both the old players and the whales are laying ambushes during this phase. On the other hand, the manipulators seem to be taking this opportunity to raise prices reasonably, clearly aiming to squeeze some major short sellers, so it all depends on whether the big players can withstand it.

So, the current 118500 is definitely not the highest point. This week's target is still looking at 125000. For those in a short position, if it's too deep, I do have some suggestions, but it's not convenient to say too much here.

Finally, here are a few key points to pay attention to. The first resistance level above is 118900. The second resistance level is 119700. The third resistance level is 120000, with the breakout target at 🏁125000.

Operation suggestion: You can wait for a pullback to 117500 to go long. The target can be set according to the upper resistance level.