$BTC 9.10 Bitcoin price today: Bitcoin is currently around 111,500. Since we expected the x-wave rebound on August 30, it has been 10 days, and it is still in a wide-ranging fluctuation. The target for this structure is still near 116000. The current rebound structure has not been completed, so the overall direction has not changed, and it remains a fluctuating downward trend. From the high point of 124,545, it is now in the fluctuation rebound stage, and a new round of significant decline will follow.


In terms of operations, on August 30th we took profit on our medium to long-term short positions at the top, and now we are waiting for new short opportunities, only doing short-term trades in between. Yesterday, the community made three short trades, although the profits were not large, the overall strategy and operations remained consistent. The market is currently in a small range of fluctuations, and my personal judgment is that there might be another downward move before considering a shift to long positions, depending on the strength of the rebound, and eventually, we still need to return to a bearish direction.
In summary, the views on the medium to long term, medium term, and wave structure remain unchanged. Looking at the small details, it is expected to continue to fluctuate before rising to around 116000, with expectations for take-profit on short positions near 110000. Ethereum is also fluctuating within the frame, and the detailed structure is unclear. #Double Rewards With GUSD# #My Top AI Coin#
BTC2.4%
ETH1.26%
GUSD-0.04%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • ็ฎ€ไฝ“ไธญๆ–‡
  • English
  • Tiแบฟng Viแป‡t
  • ็น้ซ”ไธญๆ–‡
  • Espaรฑol
  • ะ ัƒััะบะธะน
  • Franรงais (Afrique)
  • Portuguรชs (Portugal)
  • Bahasa Indonesia
  • ๆ—ฅๆœฌ่ชž
  • ุจุงู„ุนุฑุจูŠุฉ
  • ะฃะบั€ะฐั—ะฝััŒะบะฐ
  • Portuguรชs (Brasil)