Analyst Liang Qiu: On 8.14, BTC breaks historical high again, everything will eventually settle down.

BTC Auntie broke the high point again overnight, reaching a maximum of 124550 and touching the 4788 line. Every time BTC surges and breaks the high point, it is bound to face a significant pullback. Therefore, currently pursuing long positions in the market is not advisable. Although our layout strategy from yesterday also faced losses again, the overall losses are manageable. Currently, BTC has a long upper shadow in the four-hour chart, and it has begun to close in the red at the four-hour level, breaking the previous four-hour low point. The market still has further room for a pullback, with the primary support to watch below being the 120000 integer level.

The K-line pattern on the daily level shows that the recent price has been continuously rising, forming multiple bullish candles, and is currently in a high-level consolidation. On the 4-hour level, the recent K-lines show alternating small bearish and bullish candles, with the highs gradually decreasing, indicating signs of short-term adjustment. In terms of technical indicators on the 4-hour cycle, both DIF and DEA are above the zero axis, but the histogram is shortening, and the momentum is weakening, which may indicate an entry into the adjustment phase.

Trading suggestion for BTC around 123300 to 123800, target near 121000; for Yita around 4760 to 4780, target near 4680, if broken continue to look down, with defensive levels at 124500 and 4810. #BTC再创新高#