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BTC continues to experience a large-scale pullback?
BTC trend analysis
Technical analysis shows that the weekly level is about to issue a sell signal, to be confirmed after this week's closing. The daily chart issued a sell signal on August 17, having fallen about $10,000, and is currently encountering support from the pink moving average.
There is a demand for pullback, and the subsequent trend is not optimistic.
Pure technical analysis suggests that BTC has peaked in the short term, and the only risk comes from Wall Street institutions and treasury companies!
(Short risk: Be wary of significant declines, as Wall Street institutions and some treasury companies have been making large purchases. In recent months, any significant drop has attracted substantial institutional buying.)
#BTC走势分析 #BTC