BTC Market Analysis for the Evening of August 19

From a technical perspective, on the four-hour level, the price has shown a gradual downward trend after a spike. Although a strong bearish market has not formed, the lows continue to be tested. Currently, there is a demand for contraction in the existing pattern, and the bears have not fully exerted their strength; the short-term trend continues with a 'step back to look' rhythm, making it unsuitable for both bulls and bears to chase positions.

On the one-hour level, the price is moving within a flat channel, entering a consolidation phase after testing the lows. The characteristics of bulls and bears switching are evident. Although the overall direction shows a spike and pullback, the short-term fluctuations are quite strong, making it difficult to form a unilateral trend. There is still downward momentum during the fluctuation process. Evening trading strategy may focus on shorting at high positions.

Big Brother's Strategy Reference: Set short positions around 116,000. #币圈 $BTC