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Bitcoin (BTC) has recently shown a fluctuating consolidation trend in its price performance. As of 9:30 AM on August 10, 2025, the BTC price is approximately $116,600. Although it appears somewhat weak in the short term, from a medium to long-term technical perspective, BTC still maintains a bullish pattern.
Multi-period K-line analysis shows that the 15-minute and 1-hour charts are in a neutral consolidation state, with momentum weakening. However, the 4-hour and daily charts maintain a relatively stable structure, with prices firmly supported by key moving averages, and the MACD indicator remains in a positive signal. The weekly chart continues to demonstrate a robust long-term bullish arrangement.
Technical indicators comprehensive analysis shows that although short-term momentum has weakened, the medium to long-term structure has not been damaged. The RSI indicator remains in a relatively neutral zone across various time periods, indicating that the market still has upward potential. Trading volume remains stable, with no significant signs of capital withdrawal.
In terms of price trends, if BTC can break through the range of 116,800-117,000 USD with increased trading volume, it may further rise to around 118,500 USD. On the contrary, if it falls below the support level of 116,000 USD, it may turn into consolidation or enter a short-term adjustment phase.
On a macro level, Bitcoin ETFs continue to attract inflows, with a net inflow of $403.9 million on August 8, where IBIT and FBTC performed outstandingly. On the policy side, the executive order signed by Trump allows crypto assets to enter 401(k) retirement plans, which could attract more medium- to long-term funds into the cryptocurrency market.
It is worth noting that despite gold prices reaching new highs, Bitcoin has still garnered some investors' attention as a safe-haven asset. However, BTC currently exhibits more characteristics of a "risk asset", and its price movements may be influenced by the overall risk appetite of the financial markets.
Overall, Bitcoin is currently in a state of short-term fluctuation and long-term structural stability. Investors should closely monitor the breakout of key price ranges, as well as changes in macro policies and market sentiment, to make corresponding investment decisions.