Bitcoin Market Analysis for the Morning of August 18th:

Observing the hourly Bollinger Band structure, the current market is characterized by significant divergence. While the upper band continues to extend upward, it lacks sustained volume support in the short term, making it a weak indicator of market performance. The lower and middle bands are moving downward in tandem, indicating that the short-term downward trend has not fundamentally reversed, that bearish momentum is still being released in an orderly manner, and that the overall market is still in a correction cycle.

It is noteworthy that the price center of gravity had previously remained close to the lower band, but the latest rebound has lifted the price out of the lower band's pressure. This signal suggests that the absolute dominance of short-term bears is beginning to weaken, and that bulls and bears are engaging in a preliminary battle near the lower band. Focus will be on whether the price can stabilize at the middle band to determine the sustainability of the rebound momentum.

Big Cousin's Trading Suggestion: Consider placing a long position around 115,500 (#币圈 ).