Crypto Market Academician: 8.20 Bitcoin (BTC) a Large Bullish Candle Rewrites the Short-Term Structure, Beware of a Bull-Trap Repair? Latest Market Analysis and Trading Recommendations 　　 Bitcoin is currently priced at 68800. The market is always full of drama: just moments ago, it was repeatedly grinding at low levels, causing many people to capitulate and exit, only to quickly rally afterward. Many friends are now struggling again with whether this rise marks the start of a new trend or whether it will fall again after luring in buyers. Chasing the rise risks being trapped at the top, while waiting risks missing a major move—this is the real predicament facing the vast majority of traders at present 　　 The daily K-line has rebounded from the previous low of 57758. The current price has broken above multiple EMA moving averages, while the moving-average system has gradually flattened and turned upward from a downward expansion. The medium- and long-term moving averages remain overhead, forming strong resistance. The MACD DIF is moving upward toward DEA, with the green bars contracting and turning red. Bullish momentum is beginning to be released, but it has not yet entered a phase of strong volume expansion. The Bollinger Bands are showing signs of opening upward, with upper-band resistance at 66700-67000. The current price has already risen above the upper Bollinger Band, indicating short-term overbought conditions. The key Fibonacci resistance above is 72620, while the core support below is 62355. The large-scale bearish structure on the daily chart has not fully reversed, and this move is more likely a corrective rebound after a major decline 　　 The four-hour K-line directly broke above the upper boundary of the previous consolidation range at 63882, producing a large bullish candle and completely breaking the sideways consolidation pattern of more than a month. All short-term EMAs have turned upward, with the short-term moving averages firmly supporting the price, making the bullish trend very clear. MACD has surged sharply upward, with the red bars continuing to expand, indicating that bullish strength is being fully released. The Bollinger Bands have opened directly upward, with the price running outside the upper band, showing clear short-term overbought conditions. The first resistance above is 67503, with further resistance at 73355. Support below returns to the upper boundary of the range at 63882, which is the key dividing line for this breakout. Bulls have the short-term advantage on the four-hour chart, but after a rapid rise, a pullback to absorb profit-taking may occur at any time, so blindly chasing the rise is not advisable 　　 Short-term reference: 　　 If 65000 to 66000 holds, go long, stop-loss 500 points, target 72600 to 73400 　　 If 73200 to 73500 holds, go short, stop-loss 500 points, target 68000 to 66000 　　 Specific operations should be based primarily on real-time order-book data. For more information, contact the author. This article was published with a delay and is for reference only; assume all risks yourself$BTC ‌#宇树科技上市首日大涨629%

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