8.28 Morning Bitcoin Strategy Analysis

From the hourly level observation, Ethereum is currently near the lower Bollinger Band, and the K-line has broken below the lower support, resulting in continued downward pressure on the overall market, with a clear bearish trend characteristic.

In the BTC 4-hour chart, the price rebounded after reaching a low of 108559, but failed to break through the key resistance level, and the overall trend is still within the middle band area. Currently, the resistance level above is moving downwards, while the support below has not fully formed. If the rebound momentum weakens, the market may test lower levels again and refresh the lows!

BTC Recommendation: 111300-111600🈳 Target 107000

ETH Recommendation: 4550-4580🈳 Target 4450

One should follow the trend, always remain rational, protect your positions well, and absolutely do not blindly resist! Wishing you all the best, seize every wave of market opportunities, and we will continue to move forward together!