August 20 Morning Bitcoin Market Analysis:

Currently, Bitcoin is fluctuating around 113400. From a technical perspective, the Bollinger Bands maintain a downward channel trend, with bearish momentum continuing to be released. Although the RSI indicator is in the oversold area, there is a short-term demand for a technical rebound, but a bottom divergence pattern has not yet formed, and the bullish rebound willingness is relatively weak, with limited rebound space expected.

Overall, the market is still dominated by a bearish trend, and the intraday operation suggestion is to follow a high short, low long approach.

Big Brother's operation suggestion: Bitcoin can be positioned for a short position around 114300. #币圈 $ETH