Market analysis and trading strategy for August 25 by Yunhao XO

In the early hours of today, Bitcoin experienced a rapid short-term decline, dropping over 4000 points from around 114600 to near 110500, putting significant pressure on long positions. The market then slightly rebounded and is currently consolidating in the 113000 area.
The posture is synchronized and under pressure, dropping about 200 points after reaching the 5000 integer resistance level, currently fluctuating narrowly in the 4700-4750 range, and has not yet broken through the key support.

The recent decline of Bitcoin is mainly driven by news factors. Looking at the 4-hour chart, two consecutive large bearish candles have broken through the mid-track support, opening up space below, and the bearish candle's body has broken through the previous support level of 111600 with increased volume. Although there has been a slight rebound in the short term, the overall trend is still dominated by bears, and today's trading strategy suggests continuing with short positions.

It is recommended to set a short position at around 113500, targeting near 112000.
Auntie suggests to short with a light position around 4760, targeting the 4650 range.
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