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Midnight Thoughts on August 23
From a technical perspective, in the 1-hour chart of Bitcoin, the price started to pull back after reaching the upper Bollinger Band, moving towards the lower Bollinger Band. The KDJ three lines formed a death cross pointing downwards, and the bullish momentum of the MACD is gradually diminishing, about to turn into bearish momentum. Therefore, the focus for the evening should still be on high short operations.
Operational Recommendations:
Short Bitcoin around 117000-117500, targeting the area of 116000-115200.