By conducting Technical Analysis on Bitcoin over multiple time periods, we can make some predictions about its recent trends.



From a weekly perspective, Bitcoin has been rising within the channel, and the current price hovers near the midline. However, a bearish candle with a long upper shadow formed in the past week, indicating that it may be difficult to break through the upper resistance in the short term. The overall trend for this week may lean towards a downward direction.

The daily chart shows that the buying power of Bitcoin has明显减弱 recently. Currently, a典型的看跌楔形 pattern is forming at the daily level. It is worth noting that the real-time price has already fallen below the lower boundary of the wedge, which usually means that the market may continue to seek lower levels to find new buying support.

If we narrow our perspective to the four-hour chart, we can find an important support area around 112500. Investors might consider establishing long positions near this level, but it is necessary to closely monitor the strength and sustainability of any rebound.

Overall, in the short term, Bitcoin may face certain downward pressure, but there are also opportunities for a rebound. Investors should comprehensively consider technical indicators from multiple timeframes and conduct a thorough analysis combining market sentiment and fundamental factors when making decisions.
BTC-1.24%
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LiquidityWhisperervip
· 20h ago
I see a fall... let's go!
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ChainDetectivevip
· 08-20 23:50
Blockchain enthusiasts buy the dip everywhere
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WinterWarmthCatvip
· 08-18 06:51
Sigh, I just love watching this rise and fall.
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SillyWhalevip
· 08-18 06:48
Is BTC going to crash again?
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RugDocScientistvip
· 08-18 06:46
Just go all in and it's done!
View OriginalReply0
SatoshiLegendvip
· 08-18 06:41
Mathematics does not lie, the bottom has been reached.
View OriginalReply0
MidnightSnapHuntervip
· 08-18 06:40
BTC is definitely going to break out this time, right?
View OriginalReply0
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