Pute will have no substantial positive news, BTC will maintain range oscillation On August 16th, the Pute Conference did not achieve specific results, and the response from the cryptocurrency market was lukewarm. BTC is currently oscillating in the range of 119200-116400, with a pressure level of 120600 above, making it difficult to see a one-sided trend in the short term. BitUnix analysts point out that BTC's core support is at 116300-115000, and if it falls below or tests 112300, the upper pressures will be 120600, 122600, and 124700, respectively. Investors need to pay attention to whether geopolitical and policy news brings breakthrough opportunities.