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### š Bitcoin and Ethereum Market Analysis: August 23rd š
**Persistence paves the way to success!** The path to your goals is marked by continuous effort and determination. Keep pushing forward, and you will attain the life you've always envisioned! šŖ
š **Market Insights**: Reviewing Bitcoin's latest 1-hour K-line chart, the market continues to face pressure from the prolonged consolidation phase. The Bollinger Bands still suggest a potential breakout, but Bitcoin is encountering strong resistance, resulting in slight pullbacks. The MACD lines are showing a gradual upward trend, indicating a slow build-up of bullish momentum. However, Bitcoin remains trapped within a narrow trading range, unable to break out significantly. It's essential to keep a close watch on these key levels as the market evolves.
š” **Action Plan**:
- **Bitcoin Short Position**: Consider opening a short position around the $56,200 - $57,900 range.
- **Target**: $54,500
- **Stop Loss**: $500 0 reply
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