August 22nd BTC Market Analysis

On a four-hour chart, Bitcoin (BTC) continued to decline after breaking below the middle band. The upper and middle bands simultaneously turned downward, and the lower band flattened. The price was significantly suppressed by the middle band, and the overall downward trend remained unchanged. However, the DIF and DEA converged, and the green energy bar decreased, indicating that short-term momentum has weakened, suggesting a potential for a short-term weak rebound.

On a one-hour chart, Bitcoin is in a clear downtrend, with strong short-term momentum and technical indicators also favoring the bearish trend.

Big Cousin's Trading Advice: Early morning trading strategies can focus on short positions, with a recommended setup around 113,000. #币圈暴富 $BTC