August 28th Afternoon Thought Analysis

From observing the one-hour chart, the Bitcoin was previously in a downtrend, but there are recent signs of a gradual shift towards an upward trend. After the price retested the support level yesterday, a rebound occurred, but it did not successfully break through the key resistance level. The daily chart has recorded two consecutive bullish candles, showing an upward attack posture.

In terms of technical indicators, the Bollinger Bands, KDJ, and MACD are currently still pointing downward, but overall are near the 0 axis, indicating limited downward space. The current price is being suppressed by the EMA24 and EMA52 moving averages; if it breaks through effectively, it is expected to further test the resistance around 112600.

Currently, Bitcoin is mainly consolidating in the range of 110300 to 113000, and it may be advisable to adopt a strategy of selling high and buying low.

Consider buying around 111500-111000, with a stop loss of 500 points, targeting around 112700; if it breaks this level, continue to look upward, if not, consider shorting.

(Aggressive traders may buy at the current price of 111700) $BTC #币安HODLer空投DOLO #比特币巨鲸换仓以太坊 #币安钱包TGE