$BTC 🎤【BTC August 17th Market Update at 21:30】

"Good evening to friends in the crypto world, below is tonight's precise breakdown of BTC!

The current price of Bitcoin has just touched around $117,500, showing a slight increase compared to the previous day and stabilizing near the psychological line.

From the funding perspective: Although ETF inflows have slightly retreated from previous peaks, the long-term structure remains unchanged, and bullish funds are still being deployed; in addition, the focus remains on ETH ETF, with significant capital rotation.

The policy inclination still favors the bullish side, with institutions promoting diversified asset allocation, and market sentiment continues to rise. On-chain, there is noteworthy news - a long-dormant whale account has moved out over 3,000 BTC, indicating some short-term selling pressure.

On the technical front, BTC is currently consolidating within the range of 116k to 118k. The moving average system is stable, with the 200-day moving average at $100,000, serving as structural support. If it remains above 118k, it will be positioned to challenge 120k to 122k again.

Operation suggestions:

* Moderate entrants: You may choose to take a small long position in the range of $117,000 to $117,500, targeting $118,500;

* Aggressive trend followers: If it breaks through $118,500 with volume, you can open up space, but be sure to set a stop loss at $117,000 to prevent pullbacks;

* Short-term risk averse: If it falls below 116k, it is recommended to observe or exit to avoid being pulled into a downward trend.

In summary: BTC is oscillating at a psychological threshold, the structure remains stable, bullish sentiment is maintained, and waiting for volume support is necessary for it to take off again.

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