The Bitcoin market continues to show a fluctuating trend. Current technical indicators suggest that BTC may face further fall risks. On the 4-hour chart, although the MACD red bars have increased, the RSI remains at a low level, indicating that the downtrend has not completely ended.



Considering these factors, we may need to adjust our previous optimistic expectations. If Bitcoin wants to maintain an upward trend, the key is whether it can hold the Fibonacci retracement 0.618 area and quickly rebound to around $121823. However, the current market performance seems to lean more towards the possibility of further retracement.

In this case, investors may need to adopt a more cautious strategy. It is advisable to focus on short-term market opportunities, entering and exiting quickly to respond to the potential C wave correction. At the same time, closely monitor the performance of key support levels to be prepared for a possible reversal.

Overall, the current market environment requires investors to remain highly vigilant and flexibly adjust their strategies to cope with potential price fluctuations.
BTC-2.09%
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DaoResearchervip
· 2h ago
Data level alert
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AirdropHunterXiaovip
· 08-16 00:34
Tonight All in long order
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BearMarketBuyervip
· 08-15 19:45
Increasing the position at a low level is definitely correct.
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StakeOrRegretvip
· 08-15 09:50
A fall is a buy the dip opportunity
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token_therapistvip
· 08-15 09:44
The safest approach is to observe more and act less.
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GameFiCriticvip
· 08-15 09:37
The trend risk is too great.
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CompoundPersonalityvip
· 08-15 09:34
Be patient and wait for a good price.
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MelonFieldvip
· 08-15 09:25
A bearish outlook is a buy signal.
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