Bitcoin Market Analysis on August 10
Price Trend
- K-Line Pattern
Recently maintained a range of 116,000–118,000 USDT, with multiple attempts to break the 117,500 resistance level being blocked.
The long lower shadow low on August 7 at 114,259 saw strong buying support, but the rebound faced selling pressure.
- Technical Indicators
MACD: DIF and DEA are diverging downwards, with the histogram's negative value expanding, indicating a continuation of the bearish trend but with weakening momentum.
RSI: RSI14 = 54.05, in the neutral zone, with unclear short-term direction.
EMA: EMA7 (116,064.69) and EMA30 (115,380.06) are both below the current price, indicating a flat short-term trend; EMA120 (107,125.17) is far away, suggesting a bullish long-term trend.
- Trading Volume
Volume has decreased from the peak of 24,487 on August 1 to 6,845 on August 9, indicating reduced activity.
Volume spikes are concentrated during significant fluctuations (e.g., the crash on August 1), with capital flowing in and out.
📌 Strategy and Levels
Long Position Area
115,500 USDT — Support at previous low (low on August 5 + integer level buying)
114,000 USDT — Low of the long lower shadow (August 6)
Stop Loss: 113,500 USDT (breaking below 114,000 may lead to further declines)
Short Position Area
117,500 USDT — Upper range resistance level, tested multiple times without breaking
118,500 USDT — High points on August 3–4, strong selling pressure
Stop Loss: 119,000 USDT (breaking above may push towards 120,000)
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**[The above analysis and strategies are for reference only. Risks are to be borne by the reader. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should refer to the real-time strategies of Crypto Master.]
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