Evening Analysis and Trading Suggestions for Bitcoin and Ethereum on August 27

The market fluctuates like the tide; those who are anxious may be consumed, while those who remain calm can seize opportunities. Do not let momentary gains and losses disturb your mind; maintaining emotional stability is the key to long-term success. Looking back at the afternoon market, there was a surge during lunch that faced resistance, followed by a rebound, retracting from a high of 111737 to a low of 110345. The trend for Ethereum is similar to Bitcoin; we also positioned ourselves for a short entry in Bitcoin, securing a few hundred points before exiting, and now the market has started to rebound again, currently showing a brief pullback.

According to the current market situation, the four-hour chart indicates that after a two-candle bullish rebound, the bears are now showing a two-candle bearish retracement. It is evident that the price is under pressure at the middle band. Combined with the recent downward trend in the market, which is not fully complete, and the multiple rebounds from the bulls that have not provided significant breakthroughs, it suggests that the overall downward trend will continue. From the one-hour perspective, the market shows a three-candle bearish breakdown through the middle band of the Bollinger Bands. Although the bulls are starting to exert force, resulting in a two-candle bullish rise, it is only a temporary pullback. The upper middle band is under pressure, and the bulls are unable to break through, indicating that the downward trend has begun and the bears are starting to gain volume. Therefore, for evening operations, we will maintain a bearish outlook.

In the evening, a short position can be opened for Bitcoin at 110500, targeting around 108800.

In the evening, a short position can be opened for Ethereum at 4640, targeting around 4550. #比特币 $BTC