August 28 BTC Trading Insights

BTC has not seen much volatility in the past couple of days. After touching the short-term bottom in the 108500 range, it experienced a wave of hourly-level rebound and has since maintained a range-bound oscillation. Currently, before breaking through the resistance at 113600, entering short positions on the rebound is advisable.

During the day, you can enter positions in batches at 112500 and 113600. First, watch the newly formed small support near 111000 below, and if it breaks, then look at 108500.

It is important to note that if 113600 is broken and then retraces to 112500 and finds support, exit the position!