Tong Ge's BTC outlook for August 26
$BTC Short around 795-800 on a rebound, stop above 806, first target 770, second target 760.
Current price: 78754. After rising 23,000 points from 57758 to 81270, the four-hour chart is now starting to pay back those gains. Bearish candles have appeared consecutively, the MACD death cross is expanding its green bars, and the RSI has turned down from the overbought zone—the need for a pullback is obvious.
The price surged past 80,000 but failed to hold there. That is not a mistake; it is selling pressure. The price has now broken below the four-hour Bollinge