August 27th Bitcoin Morning Analysis
Technical Analysis:
On the 1-hour chart, after a brief support from the lower Bollinger Band, it rebounded and broke through the middle band, but faced strong resistance at the upper band. Currently, it's oscillating near the middle band, and the Bollinger Bands are showing signs of contraction in the short term;
On the 4-hour chart, the price has rebounded to near the middle band but has not broken through, the momentum is gradually weakening, and the moving averages are flat, indicating a high probability of continued weak oscillation pattern.
Trading Suggestions:
Bitcoin: Rebound near 111700-112100, target around 109000 #特朗普罢免美联储理事库克 $BTC