August 27 Morning Analysis
The big coin continued its downward trend yesterday, breaking the previous consolidation range, with an intraday low probing around 108660, followed by a rebound and consolidation around the 112300 level.
From the 1-hour technical perspective: The price rebounded after receiving weak support at the lower Bollinger Band, broke through the middle band but faced strong resistance at the upper band, currently oscillating near the middle band. The short-term Bollinger Bands show signs of contraction, indicating that the short-term bullish and bearish battle is tending to converge.
From the 4-hour chart perspective: The price rebound is approaching the middle band but has not effectively broken above it, bullish momentum is gradually weakening, the moving average system is flattening, and the indicator shows insufficient upward momentum, suggesting that the weak oscillation pattern may continue.
Operational Suggestions
Big Coin: Short at 112000-112600, target 109500-110500
Auntie: Short at 4600-4660, target 4400-4500 $BTC