<div><h3>Fireline Report</h3><p> The PPI data exploded, and BTC fell below $120,000, and at one point approached $118,000 during the session. Market sentiment took a sharp turn for the worse, and there was a clear short-term capital outflow.</p><h3> behind the scenes</h3><p> The PPI exceeded expectations and directly triggered BTC selling pressure. The market rhythm was controlled by large players. The low-level follow-up on the chain was active. The short sellers tried to stampede but the protective funds intervened quickly, and the emotional market was still going strong.</p><h3> Trading Guide</h3><p> The support level of $118,000 has not been breached yet, so you can buy in batches. If it rebounds and stabilizes at $120,000, it is recommended to harvest profits. Don&#39;t rush to buy if there is a sudden data disturbance. It is suitable for swing trading.</p><p style="margin-top: 20px; text-align: center; opacity: 0.4;"><small>Updated at 08-14 20:07</small><br><small>AI-generated summary, not investment advice</small></p></div>

After the release of the US PPI, traders lowered their expectations for interest rate cuts, and Bitcoin briefly fell below $120,000. Is a bigger correction coming?