$BTC 8.19 Midnight Big Cake:

According to the current market situation, the four-hour level shows a typical weak rebound pattern. Although the price has rebounded to a certain extent after experiencing three consecutive declines, indicating a brief resistance willingness from the bulls, the overall trend is still constrained by the continuous downward movement of the Bollinger Bands' middle line, and the Bollinger Bands' opening is clearly expanding downward, indicating that the bearish trend has not changed.

Combining with the moving average system showing a bearish arrangement, the price continues to operate below the middle line, therefore this rebound is more inclined to be a technical correction within the bearish trend, rather than a trend reversal.

Short near 116700～117100, target focus on 114850.