Thursday, August 28th, Midday Bitcoin Trading Strategy

The Bitcoin 4-hour chart shows some convergence in the range. Today, we still need to pay attention to the breakout of the 110000-115000 range to open up directions. It remains to be confirmed whether it will be a second peak or a deeper adjustment. The Bollinger Bands on the hourly chart are starting to narrow, and the strength and weakness continue to be uncertain. In terms of operations, we still focus on the breakout of the range during the day, while maintaining a short-term oscillation approach, participating around the high and low of the range.

For Bitcoin trading strategy, look bearish near 113500-114000, targeting down to the 111000-110000 area, with defense based on personal position $BTC $ETH #ETH走势分析 #币安钱包TGE #币安Alpha上新