Forecast for August 18
The Bollinger Bands on the four-hour chart indicate that bearish volume is forming a triangular pullback, and bullish momentum is being further consumed; the market still has potential for further decline.
Overall, the short-term downward trend remains unchanged, there is space above but limited guidance, and the bearish dominance is loosening.
Bitcoin trading strategy: Buy on pullbacks near 115850-116750
Target: 119350
