Evening outlook for August 15:
The daily chart for Bitcoin shows a long bearish candle appeared yesterday, with a significant drop from the high, forming a 'headless guillotine' pattern, indicating strong bearish momentum. In the 4-hour cycle, recent candlesticks show a fluctuating downward trend, but there are signs of a small bullish rebound towards the end. The DIF and DEA continue to diverge downwards, the green bars are shortening but still negative, indicating that the bearish trend is weakening but has not completely reversed.
Trade recommendations:
Buy between 118200-118700, target 120000-121000, stop loss at 118000.
For the second option: Buy between 4600-4630, target 4750-4850, stop loss at 4570.
(The market is constantly changing, for reference only!)
