8.19, Morning Market Technical Analysis of Bitcoin.
From a technical perspective, in the four-hour timeframe, after the price released downward and recovered, it is currently under pressure in the mid-range area, but its trajectory is still downward, with no signs of recovery or upward movement. The short-term pattern remains bearish, using fluctuations to delay the decline.
In the one-hour timeframe, the pattern remains under pressure, with the downtrend continuing and weak rebound performance, making it difficult to stabilize at high levels. A further decline is likely to continue, and bottoming out will still require time for further momentum.
Personal trading advice for Bitcoin: 116500-117000, target looking at 115100-112500. #币安HODLer空投PLUME #加密市场回调 #Strategy增持比特币 #ETH质押退出动态观察 #BitDigital转型 $BTC
