$BTC $ETH

8.20 Afternoon Bitcoin

Bitcoin currently shows a slight rebound signal, but the overall trend is still downward. The short-term rebound is aimed at correcting the market, with 1165 expected to be a new peak.

From the four-hour perspective, although Bitcoin shows signs of a bottoming rebound, the strength of the rebound is insufficient, failing to reach effective levels, and momentum continues to weaken. The resistance level above is clear, which exerts pressure on the market, causing the price to shift downward. In terms of technical indicators, the chart presents a bearish candlestick pattern, and the MACD indicator shows that the fast and slow lines continue to decline, reinforcing the bearish trend and dominating the market's downward movement. The afternoon rebound should be approached cautiously, seeking entry opportunities based on the resistance level above.

Bitcoin is at 1142 to 1148, with support at 1125 and around 1118.

Ethereum is at 4220 to 4250, with support at 4100 and around 4050 near #币安HODLer空投PLUME #加密市场回调 #Strategy增持比特币 .