8.19 Thought Analysis
BTC broke below the middle track of the channel and rebounded tonight, targeting near the middle track. Due to the high spot premium, the overall market structure still shows a high-level range fluctuation pattern.
Regarding whether a double top pattern has formed, based on the current situation, its neckline is at 112,000. If this price level is broken, the double top pattern can be confirmed.
Operational Suggestions
Bitcoin: Buy around 114,500, target 117,000
