Bitcoin has been fluctuating downward since it hit a new high on July 14. It rebounded upward after testing the downward support level on August 3. What we need to pay attention to now is the upper resistance level of the downward channel. If it breaks through, this adjustment will end and you can go long on the pullback. We need to pay attention to the support near 11,200 below. You can consider going long with a light position near 11,200, with a stop loss of 1,000-1,500, and see the strength of the rebound.
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