BTC Afternoon Outlook for 8/8:
The daily chart for Bitcoin shows a long bullish candle formed yesterday, and so far today a small bearish candle has appeared, indicating a weakening of bullish momentum in the short term. On the 4-hour level, recent highs are gradually declining while lows are rising, presenting a consolidating trend. Technical indicators MACD show that in the 4-hour cycle, both DIF and DEA are above the zero line, but the histogram is shortening, indicating a weakening of momentum and entering an adjustment phase.
BTC Trading Recommendation: 117500-117000🈳, Target 115600-114600, Stop-Loss 117800
(For reference only, please refer to the actual market!)
