8.28 Early Morning BTC Market Analysis

During the morning session, BTC showed a fluctuating downward trend, with the price gradually dropping from a high of 112330 to a low of 110867 before rebounding; in the evening, the market once surged to a high of 112573, and then, influenced by overhead pressure, entered a consolidation phase, currently hovering around 112000.

From a four-hour perspective, BTC rebounded from the lower boundary to the middle boundary, and the moving average system, after intertwining, has begun to show signs of upward divergence, with a short-term expectation of a rebound towards the upper boundary. The overall structure is inclined towards a rebound, and it is highly likely to continue the fluctuating consolidation trend.

Big Brother's Trading Suggestion: You can set up long positions around 111300-110300, targeting 113600. #币圈 $BTC