๐จ $BTC Technical Analysis โ 12AM, Aug 28
๐ Important Daily Close Tomorrow
๐ After flipping 110,500 into support, itโs clear that BTC is struggling within the 111,800โ112,800 range. This $1,000 zone is a strong local resistance due to the red trendline resistance. A breakout here could shift the market structure and possibly lead to a retest of 114,400.
๐ For strength confirmation, we need the daily candle to close at least above 111,800, and for a more bullish scenario, above 112,800 to open the way for further resistance retests.
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