Ideas for August 16:

The daily chart of Bitcoin shows that the recent price has quickly dropped from the peak of 123600 on the 13th to the current position, forming a clear medium-term correction trend. Looking at the 4-hour chart, after the large bearish candlestick drop on the 14th, it has been in a continuous slight oscillation and consolidation, still not breaking through the previous low of 116700. In terms of MACD on the 4-hour cycle, both DIF and DEA are operating below the zero line, the green bars are shortening, but a golden cross has not yet occurred, indicating that the bearish momentum is weakening.

Operation Suggestions:

117000-117300, target 118500-119500, defend 116700

Two cakes: 4400-4430 more, target 4550-4650, defense 4370

(The market is changing rapidly, for reference only!)