8.12 Afternoon Insights


The Bitcoin shows a clear conflict pattern between technical aspects and external environment in the 4-hour cycle. The technical analysis indicates that the market is between key support and resistance levels. Although the long-term trend still has a bullish resonance, the short-term momentum is weakening, and the trading volume is significantly reduced with the price below VWAP, forming a clear divergence between volume and price. This further intensifies the risk of a bearish reversal.
BTC 118300-117800 long
Target 119500-120000
BTC-3.38%
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