Analysis of the Short-term Strategy for Bitcoin at Noon on August 27

Reviewing the market from early morning, the overall movement of Bitcoin has been relatively slow, aligning with our short-term bullish expectations. However, the short position suggested earlier was regrettably stopped out. Currently, from the market perspective, the higher-level signals indicate that the price is operating within the middle to lower range of the Bollinger Bands, which are showing a converging pattern, suggesting that short-term price fluctuations may be constrained by the Bollinger Bands range. From a technical indicator analysis, although the moving average system does not show a clear bullish arrangement, the MACD indicator has formed a golden cross, and the KDJ indicator is also in a state of upward divergence, indicating that the bulls currently have a slight advantage.

Based on the current market situation, it is recommended to focus on long positions at noon. Bitcoin can be considered for buying in the range of 1108 - 1113, with a stop-loss set around 1105 to prevent losses from a market reversal. The target is aimed at 1120 - 1125; if it can effectively break through 1125, we can further look towards 1130 - 1135. $BTC #BTC