The analysis, conducted on August 15th, 2023, focuses on BTCUSDT, currently at $118,200. A bearish engulfing candle on August 14th suggests a potential reversal. High volume is noted, resembling levels last seen on July 25th. The analyst indicates a potential short term bearish trend towards a golden ratio target between 114500 and 116500. The overall bullish trend remains intact on the weekly RSI although the daily RSI showing overbought, and may head towards the 50 or 40 regions after the recent rejection. The analyst expects this bearish momentum to resolve and move up toward 140,000 over the next two weeks while looking at liquidity levels for both ETH and BTC markets in Coinglass.