$BTC should we expect bullish or bearish this week 🖕🖕🖕

8.14 Friday BTC Midday Outlook After the positive overnight data showing a decline in PPI inflation was released, BTC failed to break upward, staging a “buy the expectation, sell the fact” move. After rising to encounter resistance at 64,400, it came under pressure and pulled back. During today’s Asian session, it has remained range-bound, with the battle between bulls and bears evenly matched. The market lacks a clear direction and is generally in a digestion phase after the positive data was priced in. Technically, the current price is trading around 63,300–63,500. Short-term resistance above is at 63,900–64,400. Only if it holds firmly within this range on increased volume will there be an opportunity to resume the upward move. The intraday short-term dividing line is the 63,000 round-number level, with key strong support at 62,500–62,800. If this level holds, the short-term range-bound structure will remain intact; once it is decisively broken below, the range-bound pattern will be disrupted and a deeper pullback will begin. Trading recommendation: 63,500–64,000 kōng, targets 62,800–61,800$BTC $ETH $SOL

BTC's daily chart shows a wide-ranging, weak consolidation structure after retreating from the highs. The Bollinger Bands are narrowing while building momentum, volatility is contracting, and the market is generally awaiting a directional breakout. Daily MACD bearish momentum has not fully run its course; although downside momentum has weakened, no reversal has occurred. KDJ oversold at low levels suggests a small short-term technical rebound, which is a corrective move within a downtrend rather than a bullish reversal. The 4-hour trend is clearly moving within a descending channel, with highs continuing to decline. The price is running close to the lower Bollinger Band, whose opening is directed downward. Bears dominate in the short term and selling pressure is heavy; overall, rebounds are opportunities to short. 🉑Short around 63800🈳, add at 64400, downside targets 62500 and 61000 ETH can be shorted around 1910🈳, add at 1940, downside targets 1850 and 1780 #Gate7月增长Top1 $BTC