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Analysis of BTC trading strategy on the afternoon of August 13th (Wednesday)
The current market is showing a rebound trend, but it needs to be clear that this is not a reversal market; the overall bullish logic can still be sustained.
From a technical perspective, the golden cross pattern continues to extend upwards, with bullish momentum constantly expanding and dominating the market trend. The buying volume continues to be released, demonstrating a strong bullish trend with a solid upward foundation. Therefore, it is recommended to seize the opportunity of pullbacks to position long orders.
trading strategy:
You can choose to trade in the range of 118400-119000, with a target looking towards around 120000-122000.