Daily Market Analysis of Cryptocurrency (8.15)

Summary:

Risk warning $BTC has been in effect for several days, and the current trend is bearish. It may continue to drop to 11.66-11.61, from which there could be a 4-hour rebound to test the resistance at 12.16. If it holds above this level, we will continue to look for a historical new high; if it does not, we expect a 4-hour consolidation. A drop below 11.55 will signal the end of the bull market, with various bearish rebounds. Intraday resistance is at 12.16, and support is at 11.66, 11.61.