mt logoMyToken
ETH Gas
简体中文

Hold long positions in Bitcoin below 63,000.

2026-08-17 13:56:49
分享share
Today is Monday, August 17, 2026. There's not much to say; I discussed this in yesterday's article. The market is currently on the eve of a directional decision under low volatility. BTC has been consolidating around $63,000 for nearly five weeks with low volume. The Bollinger Bands are narrowing, the ADX is weak, and implied volatility has hit historical lows, all pointing to an impending breakout. In terms of direction, the news is bearish (geopolitical risks, significant ETF outflows, regulatory uncertainty), on-chain data is weak (exchange inflows, weakening support walls, stablecoin outflows), and funding rates are bearish. An upward move requires a breakout with significant volume above $64,400-$64,500 for confirmation; a downward move below $62,000 could open up space to $60,000. We entered long positions yesterday and are currently holding them, with a small profit. For trading, if Bitcoin retraces below $63,000, we will continue to enter long positions, with a stop-loss at $62,000 and a target of $65,000. ETH is being traded in tandem. I gave my followers multiple trading opportunities over the weekend; they can manage their profits themselves. For collaboration and discussion, please join my group (see my profile for details).
免责声明:本文版权归原作者所有,不代表MyToken(www.mytokencap.com)观点和立场;如有关于内容、版权等问题,请与我们联系。
更多精彩内容请查阅
X(https://x.com/MyTokencap)
或加入社区了解更多MyToken-官方华文电报群
https://t.me/mytoken_cn