Recently, the price of Bitcoin has touched a low near 116,800, which likely marks the formation of a short-term bottom. Based on past market trend analysis, the price may fluctuate between 117,100 and 118,200, before retreating back to around 117,100 to seek support.



This price pattern offers investors a potential long opportunity, with a target price set around 119,000. It is worth noting that if the price reaches 119,000 and only retraces to 118,000 without a deeper pullback, this could be a positive signal indicating that stronger upward momentum is forming.

In this case, investors may consider increasing their positions, as the market could see a significant rise of 2,000 to 5,000 points. However, investors should bear in mind that the cryptocurrency market is highly volatile, and any investment decision needs to be carefully assessed for risks.

Overall, the current market seems to be at a potential turning point, and investors should closely monitor price trends and changes in trading volume to seize possible investment opportunities. At the same time, establishing a comprehensive risk management strategy is also crucial to cope with market uncertainties.
BTC-0.99%
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StopLossMastervip
· 08-17 09:48
Short positions are easy to take.
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AltcoinHuntervip
· 08-17 09:46
It's been consolidating for a long time, let's take this wave to da moon.
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StablecoinArbitrageurvip
· 08-17 09:42
*adjusts glasses* correlation metrics suggest 73.4% probability of wyckoff accumulation
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LidoStakeAddictvip
· 08-17 09:29
Laughing to death, back and forth oscillating, Be Played for Suckers.
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DegenWhisperervip
· 08-17 09:26
Is another bull run coming?
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