$BTC 8.22 Bitcoin Trend Analysis
The medium to long-term outlook for Bitcoin remains bearish, with a small-scale trend showing a 5-wave downward structure.
112000 is an important support level, and in the short term, we expect a rebound to around 116000.
After the rebound, we continue to anticipate a decline, with an initial target near 106000.
# Trading Suggestions
Maintain medium to long-term short positions. Consider a short-term long position near 112000 to capture a rebound, and short near 116000.