8.15 Morning Thoughts:

Last night, after the release of the PPI data, Bitcoin accelerated its decline, stabilizing around 117,000 in the early morning, with a clear slowdown in the bearish trend.

Looking at the monthly chart, although the short-term rise is hindered, the focus continues to move upward, and the overall bullish trend remains unchanged; in the short term, this position is likely to see a rebound and corrective consolidation, with resistance to watch at 120,000-121,000 and support at 117,000. If it stabilizes during the day, there is a chance to fill the gap from yesterday's decline.

BTC Trading Suggestions:

Enter long in the 117,000-117,800 range, aiming for 119,000-120,000; if a strong breakout occurs, continue holding; with a stop loss at 116,500.$BTC #BTC再创新高