8.20 Afternoon Bitcoin

From the analysis at the four-hour level, Bitcoin is showing a rebound from the bottom, but the rebound strength has not reached an effective level, and the momentum continues to weaken. A clear resistance level has formed above, which puts pressure on the market and shifts the price center downward.

Technical indicators show that the overall market presents characteristics of a bearish candlestick chart. In the MACD indicator, the fast and slow lines are continuously moving downwards, exerting pressure and reinforcing the bearish trend, leading the market downwards.

Short positions near 114000～114350, target focus on 112200

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