Thursday, August 21, 2025

From a short-term perspective, the previous pattern of oscillation and decline is showing a clear transformation, with price movements exhibiting distinct signs of a rebound. Short-term reversal signals are starting to be released, currently relying on the 5-day moving average for gradual upward movement. The primary target above is aimed at the previously dense area near 116000, with short-term rebound momentum expected to continue strengthening.

Bitcoin can be positioned for long orders around 113500, targeting near 115000-116000.