The current daily chart for BTC shows that a long bullish line was formed on August 11, followed by price fluctuations at high levels. Recently, the Candlestick has shown slight fluctuations without breaking through the previous high of 122300. On the 4-hour chart, there was a rapid pump followed by a pullback, currently in a short-term consolidation range between 112200 and 11090. The DIF and DEA are gradually converging, the red bars are shortening, and momentum is weakening. The MACD on the daily chart is still showing green bars, but there are signs of strengthening. The daily trading volume has decreased significantly after the higher trade volumes on August 11, indicating that market sentiment is becoming cautious. The 4-hour trading volume continues to decline, suggesting that both bulls and bears are in a wait-and-see mood in the short term. It is recommended to short during the day.

BTC0,09%

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