Affected by the negative impact of PPI, the total transaction volume across the network yesterday was approximately 220,000 BTC, with the price retreating over 7,000 points from 124,500.
The 4-hour chart shows whether it can replicate the counterattacks on August 6 and August 12.
The 1-hour chart indicates that the sentiment in the U.S. market last night was not completely intimidated by PPI; we will see how the Asian and European markets perform today.
But experience shows that after 11:00 AM Beijing time, the Middle East starts selling.
The bulls are hanging by a thread
