8.20 Big Pie Silk Road

From the current market perspective, BTC's recent trend has shown a certain pullback pattern after peaking on the 14th. Currently, the lower bound is constantly breaking down and showing signs of extension. After the big pie set a new high, the price has once again retested the gap below, with current support around 111800. If it can effectively stop falling, there may be a continuation of the upward trend; but if it breaks down, the likelihood of further declines to 108000 will also increase.

From the four-hour chart, the middle band of the Bollinger Bands has encountered pressure and has rapidly declined, with the lower band continuously extending downward. The KDJ indicator shows signs of a golden cross forming near the zero axis, while MACD's bearish momentum is decreasing. The lower bound of 111800 is a potential strong rebound point in the near term. If it can effectively stop falling, there will be further opportunities for recovery. $BTC $ETH $XRP #加密市场回调

Big Pie: Long in the range of 112000-112500, looking at 114000-117000, each should strictly maintain their defenses.