August 8 Bitcoin (BTC) Contract Technical Analysis: Today's perspective, the larger cycle daily level reported a small upward candle yesterday, with the K-line pattern showing consecutive upward movements. The price is above the moving averages, and the auxiliary indicators show a death cross with decreasing volume. The overall trend is currently an upward advantage. Although there has been a significant pullback at the beginning of this week, it has not continued. In contrast, the trend remains strong with consecutive breaks of new highs, and there are numerous favorable news and data driving the market price higher. In the short cycle hourly chart, the current K-line pattern is showing consecutive downward candles, and the auxiliary indicators are operating under a death cross, indicating that a pullback is likely today, with support at the low point of the 115500 area. This is a position to watch during the European session. Additionally, today is Friday, so a cautious approach is advisable. Therefore, today's short-term BTC contract trading strategy: Short at the current price of the 116850 area, with a stop loss at the 117300 area and a target at the 115500 area. If it retraces to the 115500 area and does not break, go long with a stop loss at the 115000 area and a target at the 117000 area; #BTC走势分析 $BTC