#BTC# 8.21 Afternoon Analysis


The BTC 1-hour K-line shows a significant downward trend in the current price. The price has continuously broken below the short-term moving averages, and the moving average system is in a bearish arrangement. After the MACD crossed below the zero line, the green bars have continued to expand, and the trading volume has been released as the price declines, indicating that the selling pressure is dominant, and the short-term may continue to trend downward.
Suggestion: Short around 114000, look for 113400 to 112800.
BTC-1.24%
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