Brothers, let's chat about the situation of BTC in the afternoon.

First, let's look at the key price levels. $115,500-$116,000 is the dividing line for bulls and bears, with the 4-hour EMA50 and the descending trend line suppressing it. If it breaks through, it may aim for $121,800; $116,500 is a strong resistance on the daily chart, and only a solid hold above it can be considered a continuation of the rebound.

On the support side, $112,500-$113,500 is the bullish defense line for the day. If it can't hold, it could drop to $110,000; $110,000 is strong support on the weekly chart, and a pullback to this level is suitable for mid to long-term positioning.

In terms of technical indicators, the 4-hour MACD is below the zero line, with negative values converging but no golden cross; it needs to break $115,500 with volume to turn strong. The 30-minute RSI is around 48, neutral to weak, with short-term focus on volume; the 4-hour Bollinger Bands are narrowing, and a change in trend may happen within 24 hours.

On the funding side, miners have sold over 3,000 BTC in the past two weeks, which is quite a pressure; an ancient wallet with 80,000 BTC is showing unusual activity, and we need to guard against large sell-offs. The probability of the Federal Reserve lowering interest rates in September has decreased, the dollar index is rising, which also suppresses BTC.

For the afternoon operations, if it pulls back to around $114,100-$113,600, you can go long, targeting $115,000-$116,000. Remember, the risks are significant, control your position size, set stop-loss orders properly, and don't follow the crowd blindly. #BTC