Analysis and Operation Suggestions for the Evening of August 16 by Deer Star

After a prior surge and subsequent pullback, the price stabilized at the key support level of 116736, with selling pressure noticeably diminishing. The MACD indicator shows a golden cross pattern with DIF crossing above DEA, and the green bars have turned red while momentum continues to build. Although there is slight resistance from moving averages in the short term, as long as the trading volume follows, a breakthrough of the resistance level is imminent. Overall, the current adjustment appears more like a power accumulation process.

After dipping to the key support level of 4364 during the day, there has been some stabilization. From a technical perspective, although the MACD indicator is still in the recovery phase, the price has found support near the MA moving averages, and the pullback from the previous uptrend has been relatively controllable. If the support at 4364 can be maintained, along with a gradual increase in trading volume, there is hope to regain an upward momentum based on the moving averages. It is crucial to pay close attention to the effectiveness of the support.

Operation suggestions:
The pancake is oscillating around 16700-117200, aiming for 117800-118900.
The concubine is hovering around 4380 - 4330, with the target looking towards 4480-4550. #BTC再创新高#