BTC Perspective on 8.24:

Looking at the long-term cycle, the correction remains unchanged, waiting for another pullback. The weekly line is also preparing to close,

In the short term, the 15-minute chart is still in fluctuation, with support at 114000 and resistance at 117000.

Below 116000, add to the downside at 117000, with the initial target around 112000, and then around 108000;

Above 114600, add to the upside at 114000, with the target looking at 116000.