🔥Pal's $BTC Market Daily Report - 8.19🔥 Daily Chart 1) After BTC surged to create new highs last week, it is now moving downwards. Currently, it is undergoing a downward correction (this drop is at the hourly level), and for this wave of decline, we first look at the bullish order block (ob) at the 1119 position. If this level holds, the daily trend remains bullish. This means that the bullish ob at D has accumulated, and we still look to go long. However, if 1119 breaks, we need to pay attention to the daily level damage, which likely indicates that 125 is the top, and the decline will shift from the hourly level to the daily level. We may need to look for the W bullish ob around 104 below. 2) Looking at the black range, we can see that after the up and down raids, yesterday it just retraced to the range—L, which is also the lower edge of the monthly VWAP. Currently, we continue to look for a test of the range—L at 1145. Personally, I hope for a downward spike to the ob to gain liquidity before stabilizing and moving up. Hourly Chart 1) Currently, the hourly level is experiencing a volatile decline, and after last night's fluctuations, it rebounded upwards to capture the FVG liquidity. Then, a minor structure appears on the M15 level showing a market structure break (msb). I personally believe that the downward structure continues, and I still look for tests at 115 or even 114. But if you are shorting here, it is only for the short term. 2) For good short positions, I believe we still need to pay attention to the H4 bearish ob, where rejection occurs, making it a better short position in terms of risk-reward ratio. $usdt.d H4 Chart 1) Referring to USDT.D, after the downward raid, it is currently experiencing a volatile upward rebound, and if it stabilizes at range—eq, we can continue to look upwards for a test of the bearish ob. 2) Pay attention to the bearish ob here; if rejection occurs, it will continue to decline, which corresponds to BTC making a rebound.