Family, it's already 10 a.m. on the 10th! Brother Yang is here to talk to everyone about the real-time market of Bitcoin. Currently, Bitcoin is in a weak oscillating pattern, with bearish sentiment dominating the market. Let me analyze it for everyone.

First, looking at the technical aspects, the trading volume has shrunk dramatically, showing a divergence between volume and price, which is not a good signal. The MACD indicator shows that DIF and DEA are diverging downwards, and the negative value of the histogram is still expanding, indicating that bearish strength is increasing. Bitcoin has repeatedly hit the resistance level of 117,500 but has been blocked and cannot rise. The RSI indicator is currently in the neutral zone (54.05), and the short-term direction is unclear.

Now, let's take a look at on-chain data. Short-term holders (holding time < 3 months) have been selling off a lot recently, with a net outflow of 126,000 BTC in the past week. The exchange reserve coverage ratio is only 47.3%, and custodial risk is increasing. Moreover, Bitcoin ETF has experienced a net outflow for four consecutive days, with a net outflow of 1.34 billion USD in August, and funds are flowing out.

In terms of market sentiment, traders are betting that Bitcoin will fall to 111,000 USD this month, with a probability as high as 80%. The Fear and Greed Index is at 58, indicating a neutral state, but market liquidity is low, and volatility may suddenly increase, so everyone should be cautious.

Based on these conditions, Brother Yang gives an operational suggestion: if the price approaches the upper range of 117500 - 116800, consider shorting, with the first target at 115900 and then further down to around 115000. However, the market is turbulent, so everyone must operate cautiously and manage risk well! #BTC走势分析