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August 11 – 20, 2025
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8.15 Inkstone Autumn Morning Market Analysis:
From the hourly Bollinger Bands perspective, the middle band and the upper band continue to operate with a downward slope, and the middle band exerts effective pressure on the price, reflecting that the short-term bearish trend has not yet been completely reversed, and the bullish rebound momentum is insufficient, with the rebound space being temporarily compressed.
However, the lower track shows a slight turning upward divergence, which forms a differentiation with the upward and middle tracks' downward slope. This indicates that the support at the 117500 level is beginning to take effect. After a continuous downward movement, the bearish momentum shows marginal decay, and the buying power at the lower level is gradually accumulating, enhancing short-term support strength.
The operating recommendations are as follows:
- Bitcoin can be traded around the range of 117400-116800, with the target looking towards the range of 118600-119500.
- You can do a long position near the range of 4520-4460, targeting the range of 4630-4730. #BTC# #BTC再创新高#