8.27 Early Morning Thoughts on Bitcoin:

After experiencing a spike, Bitcoin has shown a slight rebound and fluctuation during the day, but the strength is limited, and the weak pattern remains unchanged, with significantly insufficient upward momentum.

The weekly level has clearly broken down, and the pressure to reverse the bearish trend in the short term is significant. Before breaking through the key resistance level of 113650, the rebound still leans bearish, with the operation centered on "shorting at highs."

Trading suggestion: Set up short positions around 110500-110800, targeting a drop to 108800-108000.