Bitcoin (BTC) recent trends are attracting attention. On August 17, the BTC price hovered around the support level of $116,800 at the 12-hour EMA, with investors closely monitoring whether there will be an effective fall below this level.
From a technical perspective, the 2-hour level shows an invisible downtrend, while the 1-hour level exhibits signs of a rebound. Investors need to closely follow the key price levels below:
Support level below:
- 116,400 USD
- 115,700 USD
- 114,800 USD
Resistance level above:
- 118,062 USD
- 119,000 USD
- 119,800 USD
In terms of market sentiment, the BTC long
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