Recently, the Bitcoin market has shown a fluctuating downward trend, with prices under continued pressure. As of August 22, 2025, 09:20, the BTC price is $112,613, and the bullish-bearish trend index is 42/100, indicating that market sentiment leans towards the bearish side.

In the past two days, BTC has broken through the important support level of 114,000 USD, maintaining an overall downward trend. Technically, there are no obvious signs of a short-term consolidation and bottoming, the mid-term moving averages show a clear bearish arrangement, the MACD indicator is dominated by a death cross, and the RSI indicator shows weakness across multiple time periods.

Analyze multiple time frame candlestick trends: The 15-minute chart shows a weak short-term fluctuation; the 1-hour chart presents a clear downtrend channel on the moving averages; the 4-hour chart continues the bearish trend; the daily chart shows the price breaking below MA25, with MACD dead cross expanding; the weekly chart, although still in a long-term uptrend, shows a weakening momentum.

Technical indicator analysis shows that MACD remains in a death cross state across multiple time periods, RSI is approaching the oversold area, the moving average system is in a bearish arrangement, and trading volume increases during declines and decreases during rebounds, reflecting a bias towards the bears in the funding aspect.

The main pressure faced by the market comes from macroeconomic factors: US Treasury yields remain high, the US dollar index has risen above 105, and the increase in net inflows of Bitcoin into exchanges, along with a decline in on-chain activity, all exert downward pressure on BTC prices.

If the support level of $112,000 is broken, BTC may quickly drop to the $110,000 region. Investors should closely monitor market trends, operate cautiously, and manage risks effectively.