The morning strategy for Bitcoin on Monday, 8.25 is as follows:

Over the weekend, Bitcoin's market experienced significant fluctuations. On Saturday morning, it plummeted from around 117,000 to touch the 110,400 area in the early hours, with a drop of over 6,000 points. It then rebounded from the bottom and is currently oscillating in the 113,600 area.

The market is unpredictable, frequently undergoing wash trading. From the 4-hour chart, two large bearish candles broke through the middle track and the 111,600 support level. Although a rebound has occurred, the overall trend remains bearish.

In the future, attention should be paid to the 114,000 and 115,000 resistance levels. If a strong breakthrough is difficult, the probability of a downward trend increases.

Morning operation strategy: You can set up short positions above 113,700, targeting below 112,000; if the key support level is not broken after a decline, you can reverse and go long. #杰克逊霍尔会议 $BTC