August 15 BTC evening thought sharing
The downward correction brought about by yesterday's news impact is a result of the main force wanting to clean up; there's no need to dwell on it, as what should happen has already happened. To respond to the data results from last night, Fa Ge had already revealed in Silk Road that if the data was poor, the support would be moved to around 117500. As it turned out, the perfect pin was struck last night, with a rebound offering a space of 1800 points, and again it was a profitable trade!
Currently, due to yesterday's adjustment and with the weekend approa

BTC operation view on August 15
Yesterday's drop below 121200 was promptly communicated, and I believe those who followed along are feeling quite comfortable now.
Currently, BTC has dropped significantly from the 124500 area to the 117000 area. Although a rebound has started, the relative strength is still weak, and the downtrend has not been effectively reversed.
Pay attention to whether the resistance in the 119500 area can be effectively broken through during the day. If it doesn't break, you can directly enter the market, first looking at 116800, and if it breaks, then look at 115700.

Blockchain 8.15 Morning Thoughts
From the hourly Bollinger Bands, the middle band and upper band have consistently maintained a downward trend, and the middle band has effectively suppressed prices. This indicates that the short-term bearish trend has not completely changed, the strength of the bulls' rebound is insufficient, and the rebound space has also been temporarily compressed.

However, the lower band has shown slight upward turning and signs of divergence, which contrasts with the downward trends of the upper and middle bands. This indicates that the support level around 117500 is s