BTC Technical Analysis:

The target of 113K mentioned in yesterday's research report has been achieved, with the first target of 112K and the integer level of 110K being reached in succession. The next key support to pay attention to is 105K (the launch platform since early July). The 100K threshold is currently not a primary observation point.

Currently, BTC is in a medium-term correction phase. The daily line has again closed with a solid bearish candle and increased trading volume, confirming ongoing selling pressure. After the MACD fast and slow lines crossed bearish, it accelerated downward, with the fast line breaking below the 0 axis. The bearish momentum continues to expand, and the trend remains biased towards the downside. If the price can stabilize in the range of 110-120K, the market is expected to form a double bottom and rebound; if it fails to hold, it may further test 105K.

The 4-hour level shows a slight rebound after a volume drop during the US trading session, with the Asian session previously consolidating around 115K.

Today's trading can focus on shorting opportunities in the 114.5-115.5K resistance area, with key support to watch at 111.5-110.5K.

If you have questions or want to discuss (click on my avatar), feel free to reach out to me for one-on-one answers to your trading queries! #杰克逊霍尔会议 #俄乌冲突即将结束？ #BitDigital转型