Qin Feng's Evening Thoughts on August 27

From the hourly Bollinger Bands, the three bands are slowly opening upwards, indicating that the drop in the early session did not break the short-term upward volatility pattern. Although the price once broke through the upper band, it quickly failed to sustain the upward momentum due to insufficient volume at the breakout, and was soon pushed back into the channel, showing significant weakness after the rise.

(Personal suggestion)

Bitcoin is around 112500-111500 🈳, target around 110800.

Ethereum is around 4650-4620 🈳, target around 4580. #btc