This weekend, the Bitcoin market is relatively stable, with no significant rebound trend observed. From the daily chart, although the price is running above the midpoint of the moving average, indicating some support strength, a clear reversal signal has yet to form.



Observing the four-hour level, the KDJ indicator shows a downward crossover, while trading volume gradually increases, which may indicate a rebound in the short term. Therefore, intraday operations could consider a strategy of buying on dips.

The specific operational suggestions for Bitcoin are as follows: consider shorting in the range of $117,500 to $118,300, with lower target levels at $116,400 and $115,500. If the price breaks below the support level of $115,000, it may continue to decline. However, if it fails to break this key support, a rebound may occur, and investors can consider going long at the appropriate time.

It should be noted that the cryptocurrency market carries high risks, and investors should operate cautiously and manage risks effectively. At the same time, this analysis is for reference only and does not constitute investment advice. Specific trading decisions should also consider personal risk preferences and real-time market conditions.
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LayerZeroHerovip
· 08-18 02:52
Do you dare to touch this trend without a cover? You'll complain after losing everything.
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fork_in_the_roadvip
· 08-18 02:52
Oh no, this sideways market is so exhausting!
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NFTDreamervip
· 08-18 02:48
Keep losing until it blows up, don’t fool yourself.
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BearMarketSurvivorvip
· 08-18 02:44
Sideways has even made me sleepy...
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HashRatePhilosophervip
· 08-18 02:42
Everyone gone to sleep? Now is the best time to Build a Position!
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SmartContractPlumbervip
· 08-18 02:40
Analyzing charts is just like scanning contract code; don't expect to fix all vulnerabilities in one go.
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