Midday thoughts on 8/14:
The daily chart of Bitcoin shows that recent prices have continued to rise, forming multiple bullish candles, but there is currently a high-level consolidation, indicating a certain risk of pullback. On the hourly chart, there is significant selling pressure around the 123800 level, with highs gradually declining, showing a consolidation trend in the short term. The MACD histogram on the hourly chart is shortening, with DIF and DEA approaching the zero axis, indicating weakening momentum; the daily MACD is still in the bullish zone, but the upward momentum has slowed.
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