8.26 Morning Thought Analysis $BTC
Looking at the one-hour chart, although the running channel has not fully opened, the bearish volume is aligning, but there has not been a particularly strong release. In the short term, it is in a state of oscillation and repair, which is a normal transition. The moving averages are all pointing downwards, but this has not caused a sharp drop in prices; instead, there has been some tentative rebound. In the morning, there may be a certain level of downward movement, but we believe it is still unlikely to continue dropping in the short term. Today's trading suggestion is to maintain low-level longs.
Regarding Bitcoin, it is recommended to enter long positions around 108800, with a target of 113300.