8.28 Afternoon Analysis of Bitcoin
The overall direction in the afternoon remains unchanged, still focusing on low long positions.
Currently, it is still in a state of a tug-of-war. However, it can be said that the pressure at the key levels is significant, and both sides are in a standoff. In the short term, the market is likely to enter a longer period of oscillation and tug-of-war, with the power shifts between the two sides occurring more frequently than before, but the overall trend remains unchanged. Therefore, operational strategies should still focus on low long positions.
Bitcoin can oscillate around: 112300-1115000,
targeting 113500-115000.
Ethereum can oscillate around: 4520-4480,
targeting 4570-4650.