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Analysis of the early morning thoughts of Chuze on 8.13
From the current 4-hour chart, the Bitcoin price is gradually oscillating, showing a downward trend before entering a consolidation phase.
The market is influenced by the resistance of the upper trend line and the support of the lower trend line, with price fluctuations narrowing. The downward pressure is slightly higher than the rebound momentum. As the bearish signal of the MACD strengthens, it is expected that there will still be some downward demand in the short term, maintaining a focus on short positions.
Operational Suggestions
BTC: Short 120,000-120,800, Target 118,000-118,800
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