This week, the Bitcoin market has shown signs of stabilizing after a fall, but the rebound strength is limited. From recent trends, Bitcoin has begun to stabilize after experiencing a previous pullback. However, the market currently lacks sufficient pump momentum, making it difficult to break through important resistance levels in the short term.



The shrinkage of market trading volume further confirms this view. The decrease in trading volume indicates that investor sentiment is cautious, lacking the confidence and financial support to drive prices significantly higher. This sluggish trading atmosphere may limit Bitcoin's upward space in the short term.

Given the current market conditions, investors may adopt a more conservative strategy. When prices experience a slight rebound, short positions can be considered at higher levels. Specifically, attention can be paid to the price level around 116,900, which may be a suitable entry point. If the short position is successfully established, 115,500 can be set as the first target level, and further declines can lead to focusing on the support level at 114,000.

However, investors should also closely monitor market changes and adjust their strategies in a timely manner. The Bitcoin market has always been highly volatile, and unexpected events can quickly change the market direction. Therefore, when implementing any trading strategy, reasonable stop-loss levels should be set to control risk.

Overall, although Bitcoin currently shows signs of stabilization, the upward momentum is insufficient, and it may maintain a consolidation pattern in the short term. Investors need to remain cautious and respond flexibly to market changes to seize potential trading opportunities.
BTC-0.25%
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degenonymousvip
· 5h ago
Another wave of suckers plummeting on site
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OnchainFortuneTellervip
· 21h ago
Now is a good time to accumulate chips!
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DegenWhisperervip
· 08-25 18:09
The fall continues, decisively buy the dip.
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FadCatchervip
· 08-25 18:07
Sideways is so boring, it tests patience.
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GateUser-26d7f434vip
· 08-25 18:02
Enter a position, enter a position, it will rise again soon!
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ContractSurrendervip
· 08-25 18:02
Bear Market liquidation three hundred times
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DegenWhisperervip
· 08-25 17:52
Stop with all the analysis, it's just bearish.
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PessimisticOraclevip
· 08-25 17:44
Don't be dawdling, just go all in.
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