TechFlow news, August 19: According to the latest Chinese community report from Greeks.live, Bitcoin is currently in the second upward consolidation phase. Market participants are divided on future price movements, with some traders expecting a possible double bottom formation, while others believe bullish liquidation is nearing its end.
Technically, after completing the current consolidation, Bitcoin may retrace to the $125,000–$130,000 range. In terms of strategy, traders generally adopt a short strangle approach within the $112,000–$120,000 range to navigate the ongoing volatile market.
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