8.20 Zhiming Afternoon Analysis and Suggestions

From the current market perspective, the four-hour structure of Bitcoin has reached the tail end of a three-wave pattern, with bearish momentum slowing down. It is important to be alert to potential breakthroughs and stability in the range direction. On the hourly chart, the price has touched the lower bound, showing some convergence, and is forming a narrow range of fluctuations, with long and short positions alternating. The support below has been tested repeatedly without resulting in a breakdown. Therefore, combining this with the smaller time frame patterns, Zhimin suggests focusing on a pullback strategy for the midday operations.
Zhiming suggested
The pancake is around 113000-112500, look at around 114500-115000.
The price is around 4130-4100, looking at the range of 4200-4250.