Market Analysis for 8.14:
The daily chart of Bitcoin has been continuously rising recently, with frequent bullish candles, but currently, it is in a high-level consolidation with a risk of retracement. On the 1-hour chart, there is significant selling pressure around the 123800 level, and the highs are gradually descending, indicating a short-term consolidation trend.
In terms of indicators, the MACD histogram on the 1-hour chart has shortened, with the DIF and DEA approaching the zero axis, indicating weakening momentum; although the daily MACD is still in the bullish zone, the upward mom
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