8.25 Afternoon BTC Market Analysis and Trading Suggestions

BTC (Big Pie) experienced a "flood-like" plunge in the early morning and has currently rebounded above the 113,000 mark. From the details of the market, fierce competition between bulls and bears is occurring at the 113,000 position, with multiple handovers. The short-term direction is still unclear, but key pressure and support zones are evident:

• Pressure Side: Fibonacci resistance levels indicate strong resistance near 114,000, while the middle band of the hourly Bollinger Bands coincides with 113,800, forming overlapping pressure. This range (113,800-114,000) has significant suppression, and it is essential to pay attention to the breakthrough momentum.

• Support Side: The primary support below focuses on around 112,170, and the short-term trend for the day should consider this position as a dividing line — if it effectively breaks down, the market may further explore down to around 111,090; if support stabilizes, there is hope for an upward test near 114,700.

Trading Suggestions: It is recommended to lay out long positions in the range of 112,000-112,500, with a target aiming at around 114,700. $BTC