8.19 Bitcoin Midnight Thoughts:
On the 4-hour level, the downtrend is obvious, and the rebound strength near the previous bottom of 114605 is weak. This is just a short-term correction and not a reversal signal. After the sharp decline yesterday morning, there was a slight rebound during the US trading session. The higher the rebound, the greater the risk of subsequent correction, and there may be downward pressure again at any time.
Suggestion: Sell at 116600-117400, target 114200-112700.
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