Weekend Analysis 8.16

On the four-hour level, Bitcoin is showing a descending staircase pattern. Approaching the weekend, the volume of long and short positions is converging, with shorts in the dominant position. It is crucial to pay attention to the 117900 line, as this level was the rebound starting point from early yesterday morning, and falling below it has turned into short-term resistance, which can serve as a follow-up point for shorts. On the hourly level, the market is experiencing fragmented K adjustments, with clear back-and-forth action between longs and shorts, and upward continuity is relatively weak. Overall, the current market atmosphere is heavily bearish, and subsequent operations are suggested to continue focusing on shorting at high positions while paying attention to the performance of key resistance levels.

Operation Suggestions:
The large pancake is hovering around 117900-118400, with a target looking down at around 116100-116600.

Auntie around 4460-44900, target looking down to around 4360-4390 #美7月PPI年率高于预期# #以太坊ETF突破300亿美元# #Gate Alpha巅峰交易赛#