In the early session, the highest was 117600 at 7 AM. The strategy suggests shorting near 117600, perfectly timing the entry. If the level had been written slightly higher, it wouldn't have been possible to enter. Currently, it has dropped to around 116100, providing a space of 1400 points.

8.18, Technical Analysis of Bitcoin Morning Market.

In the last two days, the market has overall shown a tendency to fluctuate. Over the weekend, there was a slight recovery, with the highest price reaching 118500. This position was mentioned earlier as a resistance level, and after testing it, there was a small pullback immediately. We are still holding the short position at 117700, maintaining a positive outlook on the trend structure for a pullback. Today's overall strategy remains to take high short positions.

From the four-hour technical structure, the price channel continues to show slight downward fluctuations. The short selling volume is limited in its release, showing a slow staircase-like decline. The moving averages are slowly trending downward, and within the smaller time frames, the market continues to maintain a downward fluctuation for bottoming adjustments.

The smaller time frame shape remains under pressure, with continued downward fluctuations. The rebound performance is weak, making it difficult to stabilize at high levels. A further decline is likely and the bottoming process will still take time and require further momentum.

Personal trading advice for Bitcoin: Enter around 117600 directly, targeting a drop to 115000-112000. #BitDigital转型 #美联储取消创新活动监管计划 #美国7月PPI年率高于预期 #中国投资者涌向印尼 #币安钱包TGE $BTC