This weekend, the Bitcoin market is showing a tense atmosphere. Currently, the Bitcoin price is hovering near a key support level, and market participants are closely following its future direction.



Analysis shows that the key range for Bitcoin is between $120,000 and $116,000. If it breaks through $120,000, it may signal the beginning of a new round of upward momentum. Conversely, if it falls below $116,000, it may face further downside risks.

It is worth noting that the price of Bitcoin has fluctuated significantly in recent days, which may indicate that the market could enter a phase of adjustment and correction in the upcoming period.

Currently, the Bitcoin price is closer to the bottom range. Investors can follow the two key price levels of $117,500 and $116,700, considering building long positions in batches at these levels. At the same time, be wary of the significant pressure that may exist near $120,000.

Overall, the Bitcoin market is still filled with uncertainty. Investors need to be cautious when making decisions, closely follow market trends, and allocate assets reasonably based on their own risk tolerance.
BTC-0.86%
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DaoResearchervip
· 08-15 02:52
Section 4.2 of the White Paper provides detailed proof that this interval oscillation precisely corroborates the UTXO analysis model.
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ChainComedianvip
· 08-15 02:42
Buy more while the prices are low.
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just_here_for_vibesvip
· 08-15 02:29
Bottoming out, it's stable.
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0xDreamChaservip
· 08-15 02:25
It is recommended to implement a stop loss.
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UnluckyMinervip
· 08-15 02:24
Don't you understand such a clear trend?
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