Qin Feng 8.27 Early Morning Analysis

Currently, there is a strong bearish sentiment towards Bitcoin. Technically, various indicators are in a bearish arrangement, with weak rebound potential. From a fundamental perspective, the global economic situation is unstable, regulatory policies are uncertain, and market funds are flowing in cautiously. Additionally, the previous increase was too large, leading to a demand for a correction. Overall, it is judged that the probability of Bitcoin declining in the short term is high, and operations should be cautious.

Bitcoin can be traded around 111000-110500🈳, with a target near 109500.

Ethereum can be traded around 4600-4550🈳, with a target near 4500 #btc .