Recently, the Bitcoin market has seen increased fluctuations, and investors need to remain cautious. On August 21, BTC showed a wide range of oscillation trends. Although there was a short-term rebound, it does not mean that the long-term trend has reversed.

From a technical perspective, the 3-day and 2-day lines show a high空顶背态势, and the current price is operating at the daily level. It is worth noting that the 4-hour, 3-hour, and 2-hour charts show a底趋势, but the 1-hour chart may experience a rebound.

Day traders should pay attention to the following key price levels: the support levels below are 114,010, 113,490, and 112,872 USD; the resistance levels above are 114,600, 115,192, and 115,600 USD.

The market sentiment indicator shows that the BTC long-short ratio is 1.63, and the fear index is at a neutral level of 50. The real capital ratio is 69:31, and the overall long-short ratio is 53:47, indicating that the market is slightly optimistic but differences still exist.

For trading strategies, it is recommended that investors remain observant until the market trend is clear, and be sure to set stop-loss orders to control risks. The current market environment is complex and volatile, and investors need to stay calm and manage risks well.

Overall, while Bitcoin may experience a Rebound in the short term, the long-term trend remains unclear. Investors should closely monitor market movements and make judgments based on their own risk tolerance. Maintaining rationality and patience is crucial in the cryptocurrency market.