📈 $BTC (2025-08-23 08:30) | Bullish-Bearish Trend Index: 62 / 100 (Bullish)

BTC is currently priced at $117,000, experiencing a rapid increase compared to the previous trading day, with the price back above the $117,000 mark. Short-term moving averages have formed a golden cross, the MACD across multiple periods has turned strong, and the RSI has risen above the midpoint, indicating continued rebound momentum. Attention should be paid to the resistance level at $118,800; if broken, it may target the $121,000 region; short-term support is at $115,800, and a break below will weaken the rebound pattern.

🔹 Multi-Period Candlestick Trend Analysis:

15-minute chart: MA7 crosses above MA25 and MA99, MACD shows a strong golden cross but momentum is retreating, RSI at 59.40 showing high volatility;

1-hour chart: Moving averages have formed a bullish arrangement in the short term, MACD has a strong golden cross, RSI at 71.85 in the overbought area, short-term pullback may occur;

4-hour chart: MA7 crosses above MA25, nearing MA99, MACD golden cross with expanding red bars, RSI at 63.59 showing strong recovery;

Daily chart: Price stabilizes near MA25 again, MACD green bars are shrinking and turning into a golden cross, RSI at 51.64 rising to the midpoint, indicating the start of a medium-term rebound;

Weekly chart: Bullish trend maintained, MACD red bars continue, RSI at 63.13 in a high position, but short-term signs of overbought are present.

📊 Technical Indicator Analysis:

MACD: Golden cross appears across multiple periods, 15m/1H momentum is strong, 4H/daily line is improving simultaneously;

RSI: 15m/1H is high, short-term overbought; 4H/daily line is in a healthy range, indicating continuation of the medium-term rebound;

Moving Average System: Short periods have formed a bullish arrangement, medium periods are gradually recovering, weekly line remains strong;

Trading Volume: Recent price increases have shown significant volume expansion, with funding supporting the rebound.

🌐 Summary of Macro News (Last 24 hours):

1. [Federal Reserve Officials Speaking | August 22, 22:10] Several officials hinted that a rate cut of 25bp may occur in September, increasing market risk appetite;

2. [CoinGlass | August 22, 20:50] BTC perpetual contract funding rate turned positive to +0.012%, strengthening bullish forces;

3. [CryptoQuant | August 22, 18:40] Net outflow of BTC from exchanges was 12,300 coins, indicating funds returning to cold wallets and reduced selling pressure;

4. [Bloomberg | August 22, 17:00] Multiple Wall Street institutions expect ETH spot ETF to be approved in September, potentially boosting overall cryptocurrency market sentiment.