📈 $BTC (2025-08-20 09:00) | Long/Short Trend Index: 42 / 100 (Bearish)

📈 $BTC (2025-08-19 09:20) | Long/Short Trend Index: 46 / 100 (Neutral to Bearish)
BTC is currently at $116,427, having retreated from a high of $122,000 over the past 72 hours, with limited short-term rebound momentum. The moving average system is in a bearish arrangement for the short to medium term, the MACD multi-period death cross continues, and the RSI is oscillating at low levels across most periods. Short-term support is in the 115,800 ~ 116,000 area; if it breaks below, it may further test the 113,500 area.



🔹 Multi-Period K-Line Trend Assessment:
15-Minute Chart: MA7 crosses above MA25, price slightly rebounds, MACD golden cross but momentum is weak, RSI 52.50 is in a neutral to strong position;
1-Hour Chart: Moving averages still in a bearish arrangement, rebound is pressured by MA99, MACD low-level golden cross is forming initially, RSI 52.00 has just risen back to the midpoint;
4-Hour Chart: MA7 is running below, price is constrained by MA25, MACD is still in the death cross zone, RSI 42.79 is weak;
Daily Chart: Price oscillates near MA25, MACD death cross signal continues, RSI 48.50 is close to the midpoint, trend is unclear;
Weekly Chart: Higher level trend maintains a bullish pattern, MA7/25 are in a bullish arrangement, but MACD red bars are narrowing, RSI 62.45 is in a high position and is dulling.

📊 Technical Indicator Analysis:
MACD: Short-term (15m/1H) has a golden cross, but medium-term (4H/1D) still shows bearish signals, weekly red bars are narrowing;
RSI: Short-term returns to the midpoint, 4H and daily remain relatively weak, weekly is at a relatively high level;
Moving Average System: Short and medium terms still in bearish arrangement, pressure is evident, long-term trend remains bullish;
Trading Volume: Increased during the decline, rebound volume is limited, indicating insufficient capital support.

🌐 Macroeconomic News Summary (Last 24 hours):
1. [Bloomberg | August 18 21:30] Federal Reserve officials suggest a high probability of interest rate cuts in September, with market expectations of a 25bp cut possibility close to 70%;
2. [Cointelegraph | August 18 20:15] Ethereum spot ETF approval timeline exposed, with preliminary feedback possibly as early as early September;
3. [Glassnode | August 18 18:50] Net outflow of BTC from exchanges is 14,200, with increased activity in on-chain cold wallets;
4. [CryptoQuant | August 18 17:10] BTC perpetual contract long/short ratio remains at 0.91, market leverage demand remains sluggish.