Will the mainstream trend next week reach a new high or has it already peaked?

Recently, Bitcoin has been highly volatile, having fallen back to $114,600 after hitting a new high of $124,000 in mid-August. Next week, it will be influenced by multiple factors in the long term:

Such as U.S. inflation, PPI exceeding expectations, the resurgence of interest rate hike expectations, and a reduced possibility of rate cuts, putting pressure on Bitcoin and weakening it. After breaking above the upper Bollinger Band on the four-hour level, it has fallen back, with moving averages trending down, bearish momentum diverging but the MACD histogram narrowing, indicating a possible decline in momentum.

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Institutions and quantitative funds are reducing positions, accelerating deleveraging, leading to a vicious cycle of forced liquidation due to volatility; however, over 10,000 BTC addresses saw a net increase of 12,000 coins in one day, indicating that large funds are still positioning themselves.

Next week’s key support levels are $113,000 - $112,000, with resistance at $120,000; a breakthrough and stabilization are needed to regain upward momentum.

Suggestion: Build positions in batches (single transaction 10%-20%)

Go long at $113,000 - $112,000, and watch for $118,000 - $120,000; if it breaks through, look for $125,000 - $130,000.

Go short in batches at $119,000 - $120,000, focusing on $112,000 - $110,000; if support breaks, continue to look down at $108,000 - $105,000.

The above is personal advice for reference only! $BTC #杰克逊霍尔会议 #ETH创历史新高 #美国初请失业金人数