On Tuesday, August 19, the Bitcoin market showed a volatile trend. In the morning, the price of Bitcoin first experienced a fall, followed by a rebound, but soon dropped again. In the afternoon, the market rebounded once more, validating the effectiveness of the high-level shorting strategy from the morning.

From a technical perspective, the daily chart shows that Bitcoin is currently consolidating in a narrow range around 4300 dollars. In the hourly MACD indicator, both DIF and DEA are negative but gradually converging, and the MACD histogram has switched from positive to negative, indicating that the downward momentum is weakening, and the market may soon enter a rebound phase.

The hourly RSI indicator is around 50, not entering the overbought or oversold zones, reflecting a relatively neutral market sentiment. The daily RSI indicator remains between 40-50, showing that both bulls and bears are still in a tug-of-war. Based on these technical indicators, the evening market may continue to exhibit high-level volatility.

For traders, shorting Bitcoin in the range of $115,600 to $116,000 can be considered, with a target price set near $114,800 to $114,000. However, the cryptocurrency market is volatile, and investors must be cautious when formulating trading strategies and always stay updated on market dynamics.

It is worth noting that although the price of Bitcoin may face pressure in the short term, the development potential of the cryptocurrency market cannot be ignored in the long run. With the continuous entry of institutional investors and the ongoing innovation of blockchain technology, Bitcoin's position as a digital asset may further strengthen. While investors pay attention to short-term price fluctuations, they should also maintain insight into the long-term trends of the market.