From the perspective of K-line patterns, from August 24th to August 26th, the price showed an overall downtrend. During this period, there were multiple fluctuations, with some bullish candles, but overall dominated by bearish candles. After August 26th, the price seems to be oscillating within a relatively low range, indicating that the market is searching for a new direction.

From the hour chart of the Bollinger Bands, the price has broken below the middle band and is gradually approaching the lower band, indicating that the market is in a relatively weak state. With further declines in the price, it has touched or even briefly broken below the lower band multiple times, which is sometimes seen as an oversold signal in technical analysis, suggesting that there may be a demand for a price rebound.

From the market sentiment perspective, the market sentiment leans toward pessimism, with selling pressure temporarily dominating. However, in the short term, the price is oscillating at a low level and may continue to consolidate for some time. If it can effectively break through the middle band of the Bollinger Bands and stabilize above it, then the market may gradually shift to a bullish trend.

In the future market for Bitcoin, we are directly bullish, looking for a long position between 108500-109000, with a target directly at 111000$BTC #比特币远古巨鲸持续出清 .