8.2 Evening BTC Market Analysis

The current market shows that Bitcoin has continued its downward trend during the midnight period, refreshing recent lows. The overall market has now entered a phase of consolidation. Observing the four-hour cycle, a huge bearish candle appeared in the early morning, and the bearish momentum shows signs of weakening; after the market rebounds to test the upper resistance area, it declines again, but the drop is noticeably narrowing. It is expected that during the daytime, the market will likely maintain a narrow range consolidation pattern. On the daily level, the bearish candle pattern continues to reflect a bearish-dominated trend, while trading volume is increasing, indicating a consensus among market participants on the bearish sentiment.

Based on this, the subsequent operational layout strategy remains unchanged, primarily focusing on short positions at high levels.

Advice from the analyst: Short around 114000, with a target of 112000. #币圈 $BTC