The fundamental of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your action is reasonable and whether the principal is safe. Develop a trading strategy that belongs to you and continuously optimize it. The advice from crypto scholars may not make you rich overnight, but it can ensure you stay in the game. Only those who survive and persist in the crypto market until the end can achieve the results they want. I hope you understand.
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Crypto Scholar: Latest BTC Market Analysis on 2025.8.8
BTC current price is 116,400. It's 1:40 AM Beijing time. The Double Top has not formed, and there's a hanging line after a sudden surge. Southern entry point is 116,500, which was the first southern entry point in yesterday's article. Recommended defense point is 117,300. If broken, exit and stop loss. The price has returned to a high level, and the market will not see sudden rises or drops in a short time, only small-scale oscillations. If the golden ratio support at 113,000 is not broken, you can take profits and move north.
Before the daily K-line release, the highest point was 116,800, and the lowest was 114,200. The K-line broke the trend indicator's high point and encountered obvious resistance. MACD continuously reduced volume, with DIF and DEA contracting above the 0-axis. The Bollinger Band's horizontal K-line is currently blocked by the middle rail resistance at 116,700, with no effective breakthrough. Therefore, southern entry is valid in the short term. If the main force effectively breaks the middle rail, short positions should stop loss and exit, then move north with the trend. Target reference is the upper rail resistance at 120,750, with the lower rail at 112,600.
The four-hour K-line's key resistance is currently at the golden ratio 0.236 line at 117,350. It has pulled back to support at 115,600 and returned above 116,000. MACD continues to increase volume, with DIF and DEA breaking the 0-axis and entering the upward zone. The K-line has returned to the Bollinger Band channel, with the upper rail forming resistance at 116,600 and the middle rail support at 114,700. Short-term southern investors should focus on the middle rail. Consider taking profits when encountering resistance and moving north.
Short-term strategy reference: The market is never 100% certain, so always use stop-loss. Safety comes first, aim for small losses and big gains. Especially when key resistance and support levels are broken, stop loss when necessary.
Northern entry test point: 114,500 to 114,000, defense at 113,500, stop loss 500 points, target 115,000 to 115,500, if broken, look at 116,000 to 116,500.
Southern entry test point: 116,500 to 117,000, defense at 117,300, stop loss 500 points, target 116,000 to 115,500, if broken, look at 115,000 to 114,500.
Actual operation depends on real-time market data. For more information, consult the author. The article may have a delay, suggestions are for reference only, risk is self-assumed.
This article is exclusively provided by the crypto scholar, representing only their personal view. With in-depth research on BTC, ETH, Doge, DOT, FIL, EOS, etc. Due to publication timing, the above views and suggestions lack real-time accuracy, for reference only, risk is self-assumed. Reprint with attribution. Reasonably control positions, avoid heavy or full positions. The scholar hopes investors understand that the market is always right. If you're wrong, reflect on your own issues and don't let potential profits slip away. In investing, there's no need to be smarter than the market. When a trend comes, respond and follow; when no trend exists, observe and stay calm. Wait for the trend to become clear before acting. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards integrity, business rewards trust, profession rewards excellence, art rewards passion. Gains and losses happen unexpectedly. Develop a habit of strict stop-loss and take-profit. The crypto scholar wishes you a pleasant investment journey!
