The latest Bitcoin market analysis shows that the digital money market is at a delicate balance point. In the four-hour time frame, the BTC price continues to fluctuate below the middle band of the Bollinger Bands, indicating a lack of upward momentum.



From a technical indicator perspective, the red bars of the momentum indicator MACD are shortening, indicating that the bullish momentum is weakening. At the same time, the Relative Strength Index (RSI) is below the 50 level and shows a downward trend, further corroborating the current weak state of the market.

In this complex market environment, investors need to closely monitor several key price levels. The most important support level is around $115,000; if this level is broken, the next potential support target may test $112,500. Overall, the range of $115,500 to $114,800 may face significant selling pressure.

Although market sentiment is cautious in the short term, it is not entirely pessimistic. If Bitcoin can break through and stabilize above $116,800, the current bearish expectations may be altered, and market sentiment could shift positively.

For investors who find it difficult to independently assess market trends, continuously following the daily strategy interpretations of professional analysts is undoubtedly a wise choice. However, it is important to note that the cryptocurrency market is constantly changing, and investors should make prudent decisions based on their own risk tolerance, avoiding blind following.

The current Bitcoin market is at a critical turning point, with both downside risks and potential reversal opportunities. Investors need to remain highly vigilant and adjust their strategies at any time to cope with this challenging and opportunity-filled market environment. It is crucial to comprehensively assess market risks and personal financial situations before making any investment decisions.
BTC-1.68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
DeFiDoctorvip
· 1h ago
The condition shows typical symptoms of insufficient liquidity supply, it is recommended to wait for a turning point.
View OriginalReply0
CantAffordPancakevip
· 08-18 22:50
Bearish, nothing left.
View OriginalReply0
WenMoon42vip
· 08-18 22:49
buy the dip wait for it to fall
View OriginalReply0
LiquidityWitchvip
· 08-18 22:30
the dark runes speak of a forbidden support at 115k... the liquidity spirits are restless tbh
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)