8.20 Evening Bitcoin:
From the 1-hour level, looking at the Bitcoin market, the Bollinger Bands show a convergence trend, with the three lines appearing parallel, indicating that market momentum is gradually settling into a consolidation phase. The price is moving within the middle line of the Bollinger Bands, with the middle line being an important turning point in future setups.
From the 4-hour level, the overall market is still in a bearish trend, with the rebound trend continuously exhausting, and hidden lines frequently appearing above. Furthermore, technical indicators indicate that the bearish trend dominates the overall market, with both fast and slow lines continually extending downward, and the evening setup continues from the daytime.
114050～114350 area short, target focus on 112250
