8/13 Midday Outlook:
The daily chart of Bitcoin shows that the recent price has been oscillating in the range of 118,000-120,500. On the 11th, a long upper shadow appeared, indicating significant selling pressure above. The 4-hour chart has formed a high-level pullback trend; after a rapid increase, it is currently in an adjustment phase. In the 4-hour MACD cycle, the DIF and DEA are gradually converging, and the histogram has turned from negative to positive but is weakening, indicating that the short-term bullish and bearish forces are tending to balance.
BTC Trading Suggestion: 120,000-119,500🈳, Target 118,200-117,200, Stop-loss at 120,300
(Changes are rapid; for reference only!)
