8.19 Morning BTC Market Outlook:

​​Bearish signals continue to emerge, and downside risks need to be closely monitored. The current price recovery strength is weak, and there is no clear bullish reversal signal yet.

​​From a technical perspective, on the four-hour level, although the price has rebounded after a downward release, it is currently under pressure in the mid-band area and has not shown sustained recovery momentum to move higher; the smaller time frame patterns still predominantly follow a bearish trend.

​​Operational Advice:

​​Position in the range of 117000-117500 for Bitcoin

Target towards 115500-114000