Family, let's talk about the trend of Bitcoin on August 18, 2025.

The key price currently is $115,000, which is a strong support level recently. If it falls below this, it may accelerate the pullback to the range of $112,000-$113,000. Moreover, the range of $110,000-$116,000 is a low liquidity zone with sparse trading; if it loses the $115,000 level, it could quickly drop to $112,000.

On the bullish and bearish side, bears currently dominate, with a death cross on the daily MACD and three consecutive bearish candles on the 4-hour chart approaching the lower Bollinger Band. Bearish momentum has not yet exhausted. However, the J value of the 4-hour KDJ has entered the oversold zone; if there is a strong bullish candle, it may rebound short-term to $116,500.

There are many bearish factors, such as the U.S. government transferring 10,000 BTC to Coinbase, and a large whale transferring 3,000 BTC, creating potential selling pressure that causes panic in the market. The expectation of a rate cut by the Federal Reserve in September has cooled, and a stronger dollar is pressuring risk assets; the expectation of a rate hike by the Bank of Japan may lead retail investors to withdraw funds.

There is also support for bulls, as the BlackRock BTC spot ETF continues to see net inflows, and companies like MicroStrategy are still increasing their holdings. The weekly ascending channel remains intact, and if $115,000 is held, the mid-term target is $125,000-$130,000.

Finally, here are some operational suggestions from Long Ge. You can go long around $115,000 - $114,500, aiming for a target price of $116,000 - $117,500. However, the market is highly volatile, so everyone should operate cautiously and pay close attention to market dynamics. #BTC