8.27 Morning BTC Analysis

The technical outlook for BTC shows a bearish pattern. On the four-hour level, the downward trend remains unchanged, with the upper middle band of the Bollinger Bands continuing to open downward, highlighting the dominance of bears.

Although the previous two large bullish candles pushed the market close to the middle band, the subsequent lack of continuity, with the candlestick forming upper shadows, indicates heavy selling pressure above and insufficient rebound momentum.

The hourly level shows that the price is under pressure at the upper band of the Bollinger Bands. After a series of bullish candles with increased volume, the bullish momentum has clearly diminished, and the overall intraday layout continues to favor a rebound followed by a short position.

Trading suggestion: 111700-112100 can be used for range-based short positions, with a target of 109000-110500.