August 13th Afternoon Bitcoin Market Analysis: Bulls Strongly Attacking, Pullback Layout Opportunities Emerging

In the afternoon of August 13th, the Bitcoin market continued its strong performance, with a clear bullish dominant pattern. On the technical front, key indicators are showing positive signals: the moving average system is forming strong support, and prices are steadily advancing along the upward channel; the MACD indicator remains in the positive range, with the momentum bars continuously expanding, indicating sufficient release of bullish volume; the RSI indicator is maintained in the strong zone above 50, with no obvious overbought signals, and upward momentum still has continuity.

The current price is oscillating around $119,300, just a step away from the key resistance level of $120,000. In terms of market sentiment, investor confidence continues to warm up, with clear positioning actions from institutional funds, and related ETF products are recording stable capital inflows, providing solid support for the market. At the same time, the macro environment is overall favorable for risk assets, further reinforcing the upward logic for Bitcoin.

In terms of operational strategy, if a pullback occurs in the short term, it can be seen as a quality opportunity to lay out long positions. It is recommended to focus on the support level around $118,000. If the price stabilizes after a pullback in this area, consider gradually establishing long positions, with upward targets tentatively looking at $121,000 to $124,000. Afternoon trading should mainly follow the bullish trend while being cautious of chasing high risks, reasonably setting take-profit and stop-loss levels, and managing positions to cope with market fluctuations.