In the analysis on August 18, we emphasized that $112,000 is a key position in the current Bitcoin trend. This price point not only validates the effectiveness of the URPD dual-anchor structure but is also the average holding cost for short-term players within three months. A drop below this level would directly impact market confidence and trigger stronger pessimism.
From the latest trends, Bitcoin gained temporary support after touching the blue line yesterday. This indicates that most short-term players chose to hold on rather than sell their positions as they approached the breakeven point, thus alleviating selling pressure. This means that the bottom line of market sentiment still exists.
(Figure 1)
However, this support is still considered temporary. Data shows that Bitcoin's actual loss amount reached $87 million yesterday, although lower than the $112 million on August 18, it is still higher than the $70 million on August 19. Ideally, even if the price drops, the amount of loss should gradually narrow. However, the current trend only indicates that the market's pessimistic atmosphere has eased somewhat, but it is not enough to confirm a trend reversal.
(Figure 2)
Therefore, the focus in the coming days remains whether the support at $112,000 can hold. As long as this threshold is not breached, there is still a possibility for the overall trend to continue. The madman believes that this price point is expected to continue playing a key role. #比特币
