BTC is volatile, and the market movements on August 20 hold hidden mysteries. What will retail investors do next? In the ever-changing world of cryptocurrency, every day is filled with variables and opportunities. Today, on August 20, 2025, we will carefully analyze the 1-hour candlestick chart of BTC to see what signals it is conveying to us.
From the news perspective
Recently, there have been no particularly significant positive or negative news in the crypto market. However, the market remains highly sensitive to macroeconomic data. For example, the monetary policies and inflation data of major global economies may indirectly affect investors' risk appetite, thereby impacting BTC prices. But as for today, the news front is relatively calm, with the market focusing more on technical aspects.
Looking at the technical side again
From this 1-hour candlestick chart, it is clear that the BTC price is currently in a relatively critical position after experiencing a recent decline. We have drawn a clear descending channel in the chart, where the price has been repeatedly resisted and retreated at the upper edge of the channel, indicating significant pressure above. At the same time, the moving average system shows a bearish arrangement, with short-term moving averages suppressing the price downwards, which is also a bearish signal.
However, it is worth noting that when the price touched the lower edge of the channel, there was a certain degree of rebound, and the trading volume increased. This indicates that there is some buying support below. Additionally, from the MACD indicator, there are signs of a bottom divergence, which may suggest that the downward momentum is weakening, and there is a possibility of a rebound in the short term.
In my personal opinion
Although there are some rebound signals on the technical side, the overall trend remains pessimistic. The pressure from the descending channel is like a mountain, making it difficult for BTC to see a significant rise without an effective breakout. Moreover, market sentiment is currently cautious, with retail investors lacking confidence, which will also limit the price's upward potential.
For retail investors, it is essential to remain calm at this time and not to follow the crowd blindly. If you already hold BTC and have a high cost, it is not advisable to blindly cut losses at this position, but it is also not suitable to blindly average down. You can wait for the price to effectively break through the upper edge of the descending channel, and consider increasing your position when the trading volume increases accordingly. If you are in a cash position, do not rush to enter the market; patiently wait for the trend to clarify before making a decision.
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