📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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#BTC# 8.15 Evening Analysis
The current price of BTC has retraced. Observing the 1-hour candlestick chart, the moving average system shows signs of flattening in the short term. After the MACD death cross, the green bars have slightly increased, indicating that the bearish forces are temporarily in control. However, the trading volume has not significantly increased, suggesting limited selling pressure. If the key support can be maintained going forward, there may be a chance for a rebound, and it is essential to closely monitor changes in trading volume.
Suggestion: Short around 118500, looking at 117900 to 117300