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8.21 Evening BTC Strategy
The small cycle Bollinger Bands are currently in a contraction state, with prices oscillating between the upper and lower bands, and are now in the second confirmation phase of the B wave high point.
Do not be misled by short-term rebounds, as this is more like accumulating energy for a subsequent large trend. Based on the weekly and daily candlestick patterns, after the market consolidation ends, it is more likely to choose a downward break, thereby opening up deeper adjustment space.
Suggestion: 113700; 114200 range, Target: around 111700 #BTC#