Analysis $BTC on August 24:

- Daily frame: Yesterday's BTC moved as I expected, showing a downward trend from 1117-114. During this period, I called on you to take 2 short positions on BTC & ETH. And this morning, I continued to call on you to short BTC further.

The Daily chart is still in a downtrend and may continue to decline.

Support: 114000 - 112000

Resistance: 116000-116500

- 4-Hour frame: Still in a downtrend. Tomorrow will close the candle. However, it is unlikely to reverse.

- Weekly frame: As mentioned yesterday, I still expect this week to close with a red candle, and there is a high possibility that next week's candle will fall into a downtrend.

=> Analysis:

• BTC continues its downward trend, it may still swing between 112-115 for a few more days, but the main trend remains downwards.

• The downward trend or what can be called the new accumulation zone for BTC will last in the medium term.

• Altcoins are tricky, my friends.

• Wishing you all good luck!