Bitcoin fell after rising to more than $8.12 million, and on 25 August it withdrew to about $793 million. In the previous week, the BTC had moved rapidly from $63,000 to $65,000, with successive breakthroughs of $70,000, $72,000 and $78,000, but was under more pressure to sell over $80,000.

This round was underpinned by the weakening of the United States dollar and concerns about currency devaluation. The continued net inflow of United States spot bitcoin ETFs also boosted market risk preferences. SoSoValue data show a net inflow of US real bitcoin ETF of $337.56 million on August 24, of which Belet IBIT inflows of $208.9 million and FBT inflows of $104.6 million.

Dayline, RSI, enter the super-purchase room.

In terms of technical data, the bitcoin short-line rises too fast. The relatively strong and weak index of the solar line, RSI, rose to 82.44, significantly above the common 70 over-purchase line, indicating that prices deviated more from recent trade zones in a short time.

However, overpurchase does not mean that the increase is over. Bitcoin is still above the main daily mean, of which 20 averages are around $683 million, 200 averages about $6.92 million, 50 and 100 averages are around $6.58 million and $6.62 million, respectively. This means that the medium-term trend has not been undermined.

4 On the hour chart, the trend intensity indicator ADX 56.52, which remains at a high level, indicates that the breakout structure has not yet failed. But this indicator has fallen back in the early days of the breakthrough, and Bull Bear Power has fallen significantly from its top, indicating that action can still be taken, but the rate of increase has slowed.

$7.8 million close to short-line focus

CoinGlass ' 24-hour liquidation hottest attempt to show that $78,000 is close to a more concentrated area of liquidity. The bitcoin disk once approached this position rebounded to over $79,000. If $78,000 falls, further tests of $772 to $775 million or even $755 to $766 million are possible below.

There is also an intensive settlement area above. More recent liquidity was concentrated in the vicinity of $797 million to $801 million and $805 million, with a larger concentration area of $81,000 to $817 million, followed by $822 million to $825 million.

This means that bitcoin is currently in a more liquidity-intensive position on both sides of the equation, and that day prices are more likely to be rapidly pulled. Settlement heat seeks to show only areas where the leverage position may be triggered and does not directly determine which side the price will first touch.

Futures hold.

CoinGlass data show that the outstanding futures contract in Bitcoin fell from $57.380 billion to $56.31 billion, a decrease of approximately 1.9 per cent. While prices have fallen, the decline in unsettled contracts usually means that part of the traders are in silos rather than large-scale additions.

Marketers are also concerned about the re-establishment of the $80,000 line. It was analysed that if prices were to recover between $792 million and $80 million and to stand on the pre-set high point of approximately $81.25 million, the market would again test the $82,000 to $83,000 resistance zone. If $7.75 million to $7.78 million is lost, the range of recall may be expanded to $7.65 million to $77,000.

Overall, this turnback is more like a top-up sort of arrangement than a reverse trend. It's just that the RSI is already at a high level, folding short-line kinetic energy, which means that bitcoin is likely to remain more volatile.