8.18, Bitcoin Afternoon Market Technical Analysis!

In the morning, we set a short position at 117600, looking at 115000, which has now perfectly reached, providing a space of 2600 points. Our overall strategy in the afternoon remains to go short.

From a technical perspective, on the daily level, the price surged and then plummeted, creating a need for some consolidation and repair. However, there has not been a significant rebound, and the upward movement is hindered, with the smaller cycles leaning towards a bearish retracement, indicating further downward demand.

Looking at the four-hour level, the price has been consolidating with reduced amplitude, recovering but facing obstacles, creating a state of weak upward momentum. Although the bearish pattern has not shown a continuation of short-term decline, the previous downtrend's reversal momentum is also noticeably weakened.

Bitcoin Afternoon Trading Suggestion: Open a short position near 115500, aiming for 112000, with a real break targeting 105000. #加密市场回调 #ETH质押退出动态观察 #BitDigital转型 #山寨季何时到来？ #中国加密新规 $BTC