With the development of the Bitcoin market in mid-August, investors are closely following its trends. As of 9:35 AM on August 18, the market for Bitcoin shows that it is currently not suitable to open new short positions. The market has already experienced a certain degree of fall, and at this time, investors should pay more attention to the potential rebound opportunities for short orders.

Analysts suggest considering short order opportunities around $117,736, with target prices between $116,714 and $115,802. However, it is worth noting that if Bitcoin prices can stabilize above $118,450, this may indicate the arrival of a bull market, at which point prices are expected to rise to around $119,470.

At the same time, the latest economic data released by the United States has also attracted market attention. The year-on-year Producer Price Index (PPI) for July was higher than expected, and this data may have a certain impact on the cryptocurrency market. Investors need to closely follow these macroeconomic factors, as they often influence the price trends of digital assets such as Bitcoin.

In the current complex market environment, investors should remain cautious and carefully weigh various factors before making investment decisions. Whether considering short positions or long positions, it is essential to combine technical analysis and fundamental analysis, and constantly follow market dynamics to make informed trading choices.