8.15 Friday morning thoughts: Short first for the day.



The current price has slightly rebounded but with weak momentum, overall it is in a downward trend, consolidating around the 118500 point.

Focus on the resistance range of 119000-120000 points, which is the lower edge of the previous fluctuations and the boundary between bulls and bears. If the rebound does not break this level, it is likely to continue weak fluctuations; if it stabilizes above 120000 points, it may break the weak balance.

Morning Strategy: Short Bitcoin near 119000, target 117000-116500 area.
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