API Crude Oil Inventories in the U.S. for the week ending August 15

#Will ETH and L2s the next narrative be bullish on?##Bitcoin#    Technical Analysis: BTC Bulls Regain Strength After Recent Pullback

#KINT# Kintsugi Network Layer 1 Bitcoin DeFi with small market cap.

#BEES#🔮 Jack Dorsey, former CEO of Twitter, says that the price of #Bitcoin will go beyond $1 million in 2030. Do you believe in this prediction? Leave your comment: 👇🏼

The Bitcoin market presented a complex trend today. In the morning session, the Bitcoin price fiercely contested around the $117,800 mark, but the longer failed to successfully break through this key position. This phenomenon not only reflects the immense selling pressure but also exposes the exhaustion of the long positions. Although the price briefly touched a high, the lack of sustained upward momentum clearly hindered the offensive of the long positions. As the early morning period arrives, the market sentiment has further turned pessimistic. The support level at $116,800 has also failed to provide the anticipated defense, and there are clear signs of price breakdown. This trend further strengthens the dominance of the bears in the current market, and the imbalance between long and short positions is becoming increasingly apparent. From the current market game between both parties, the trend of short positions occupying an advantage continues in the short term. Investors may consider selectively laying out short positions when long positions show weakness in their rebound. Specifically, attention can be focused on the range of $117,400 to $117,600, which may become an ideal location for laying out short positions. If the short trend is confirmed, the next important target may be around $116,500. However, investors should also bear in mind that the cryptocurrency market is volatile, and any trading strategy should be adjusted according to individual risk tolerance and real-time market changes. In addition, closely monitoring changes in market fundamentals and technical indicators is also an important basis for making investment decisions.

After experiencing a week of market fluctuation, the weekend market still shows a volatile trend. Instead of waiting anxiously in the fluctuating candlestick patterns, let's discuss the asset situation of the investors. The recent drastic fluctuations in the market have undoubtedly posed challenges for many investors. I believe that many friends may have assets that are stuck, and while this situation is unpleasant, it is not entirely unexpected. At such times, it is especially important to remain calm and rational. In the face of the current investment dilemma, we might as well take advantage of this relatively calm weekend to analyze the current situation together and clarify our investment ideas. If you encounter any questions or difficulties during the investment process, feel free to communicate with me at any time. As an experienced investor, I am happy to share my insights with you and provide whatever help and advice I can. Let us join hands to navigate this turbulent period in the market and prepare thoroughly for next week's investment decisions. Remember, every market Fluctuation is an opportunity for learning and growth. Through in-depth analysis and rational decision-making, we will surely find new opportunities in future markets.