Luxing's August 27th BTC Early Morning Analysis and Trading Recommendations
For Bitcoin in the short term, focus on support around 109,000 and 108,500, which are currently key defensive levels.
If this support area holds overnight and there's no significant breakout, subsequent rebounds could target the two major resistance levels of 111,500 and 113,000, where you can choose to enter long positions.
If support breaks, be wary of continued short-term weakness. It's recommended to pause long positions and wait for new stabilization signals or clear resistance levels before adjusting your trading strategy.
(Personal opinions for reference only; actual trading is subject to change!)
