chart analysis

From the daily perspective, Bitcoin is oscillating between 112000 and 115600 without any particularly obvious trend breakthrough force. 112000 is the dividing line between bulls and bears. If this level is broken, it may lead to widespread panic. Referring to the last tariff war, the market generally viewed Bitcoin pessimistically. It is estimated that it will not break this level unless the Federal Reserve delivers favorable news.

From the 1h perspective, the struggle between long and short positions is essentially a back-and-forth, with neither side dominating the market. It is basically an interleaving and overlapping of bearish and bullish candles, which reflects the unclear direction of the market.

trading strategy
If there is no clear trend force breaking through the range between 112000 and 115600, you can short on highs and long on lows. Set your take profit and stop loss to prevent being trapped by a breakout.
(The above analysis is for reference only and should not be considered as investment advice.)

#八月行情预测