August 20th BTC intraday analysis:

BTC fell directly after being influenced by the US stock market without any rebound, reaching the position of 113500 without forming a very effective rebound. However, the decline did show a gradual minimum drop to 112566. Currently, it has rebounded to around 113500! The rebound has no volume and shows a declining trend, which is not a good sign!

BTC has formed a daily level top! Therefore, 114600 will create a strong resistance level, blocking BTC's upward trend! The intraday rebound may reach here and show signs of weakness in the rise! Since BTC has chosen to break below the key level, we are likely to see BTC at 110000! So don't rush to buy the dip, be patient and wait for opportunities!

The resistance level above BTC is 114600-116700, and the support level below is 110000-108300! Today's direction still shows a slight rebound, continuing to look bearish! The US stock market may continue the decline from yesterday! #BTC#