BTC Outlook on 8.23:

Reviewing yesterday's dovish remarks by Powell, it rebounded to the upper pressure near 117000.

Currently, the daily line has not escaped the downward trend, and can only be seen as a rebound in the decline, testing the previous neckline pressure around 117000. The 4-hour chart shows pressure and a pullback, and the lower support is still observed in the 107000—109000 range;

Downward from 116000, downward towards 117000, the target is to first look at around 112000, then around 108000.