BTC Analysis on the Evening of August 28

In the 4-hour level trend of Bitcoin, the current price is engaging in a battle near the upper Bollinger Band. Although there was a breach and a retreat earlier, the middle band support is solid, and the rebound process is accompanied by increased volume. If it can effectively break through the upper Bollinger Band resistance, it will push the Bollinger Band opening upwards, thereby creating rebound space.

In the short term, the middle band support below is strong, and the bulls are launching a counterattack in this area, showing initial signs of a bottoming rebound. If the upper band breakthrough is confirmed subsequently, the rebound trend is expected to continue, while also paying attention to the performance of key support levels below during pullbacks. Be sure to set stop-losses in your operations!

Recommendation from Big Brother: Consider going long around 112200 for Bitcoin. #币圈 $BTC