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#How will September’s market perform after August’s volatility?#
Has the monthly BTC candlestick closed? Is the future clear?
The August monthly line closing line belongs to the hammer line of bottom reversal form, and may be in a relatively optimistic state in the future.
Yesterday we suggested not to take short-term positions. If the daily candlestick closes above 57750, you can still go long or short in the range of 57750-61500. Yesterday, the daily candlestick closed at 58132, triggering a long position again based on the strategy at the 57750 level. Currently in a profitable state, using stop loss as the .
BTCdaily candlestick shrinking volume pump, proving that the short-term selling pressure is relatively small, and the previously mentioned support line at 57750 has been regained. The four-hour chart shows a reversal pattern in the form of a descending wedge, touching the lower edge today and experiencing a Rebound. Currently, it is in a breakthrough state. If today's closing can stabilize around the 57500 line, there is a possibility of further upward movement. Currently, the previous strategy is still maintained near the Long position at the 57750 line, with a stop loss at the 56000 line, and take profit at 59500, 61200