The data shows that Bitcoin is blocked by strong pressure lines and the intraday fluctuations increase.

According to ChaiNext data, at 8:00 on August 8th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, was reported at 1049.54 points. It rose 2.89% in the past 24 hours, with a turnover of 39.474 billion US dollars. The turnover decreased by 7.61% compared with the previous 24 hours. Among the index constituents, 35 rose and 65 fell; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency, reported 926.62 points, up 3.17% in the past 24 hours, with a turnover of 34.451 billion US dollars, and the turnover decreased by 7.50% compared with the previous 24 hours; The Bitcoin Bubble Index (BBI Index) was at 90.08 points, up 1.30% in the past 24 hours; the USDT OTC Index was at 98.09 points, down 0.40% in the past 24 hours. Bitcoin repeatedly hit the strong pressure line of 12,000 US dollars and failed to fall back. It fluctuated greatly during the day and the competition was long and short. The other mainstream currencies remained mostly weak, and the increase could not make up for the decline.