August 19th BTC Market Analysis:

The Bitcoin price has been declining from the previous high on the 4-hour chart, with a clear bear trend already established. The downward movement is both smooth and quite strong. Although there was a rebound after hitting a low near 114605, the strength of the rebound is extremely weak, clearly just a 'brief pause' in the downward trend, and not enough to shake the overall downward pattern.

In other words, the current market is still firmly under the control of bears, and the brief rise seems more like a way to create conditions for the bears to gather strength, rather than a signal of trend reversal.

Operation suggestion from Big Brother: Set up short positions near 117400. #币圈 $BTC