JMpitaya 火龙果
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Latest Bitcoin Market Trends
As of August 28, 2025, at 00:10, the price of Bitcoin is $112,000, situated in a range-bound fluctuation.
From a technical perspective, Bitcoin's short-term momentum has somewhat strengthened, with prices breaking through short-term moving averages and forming a bullish engulfing pattern. However, the extremely low trading volume has led to a divergence between price and volume, indicating insufficient upward momentum, and the validity of the trend reversal still needs further confirmation. The daily chart is overall still in a phase of oscillation recovery following the previous significant drop, with consecutive bullish candles on the 2-hour chart, and the highs and lows gradually rising, indicating a bullish pattern in the short term. The MACD shows enhanced bullish momentum on the 2-hour chart, but the bearish pressure on the daily MACD has not completely dissipated. The EMA on the 2-hour chart provides effective short-term support, while the upward space on the daily EMA is limited.
Additionally, according to news from Captain Luyuan on August 28, Bitcoin briefly fell below $109,000 and is currently fluctuating frequently between $112,000 and $108,800.
As of August 28, 2025, at 00:10, the price of Bitcoin is $112,000, situated in a range-bound fluctuation.
From a technical perspective, Bitcoin's short-term momentum has somewhat strengthened, with prices breaking through short-term moving averages and forming a bullish engulfing pattern. However, the extremely low trading volume has led to a divergence between price and volume, indicating insufficient upward momentum, and the validity of the trend reversal still needs further confirmation. The daily chart is overall still in a phase of oscillation recovery following the previous significant drop, with consecutive bullish candles on the 2-hour chart, and the highs and lows gradually rising, indicating a bullish pattern in the short term. The MACD shows enhanced bullish momentum on the 2-hour chart, but the bearish pressure on the daily MACD has not completely dissipated. The EMA on the 2-hour chart provides effective short-term support, while the upward space on the daily EMA is limited.
Additionally, according to news from Captain Luyuan on August 28, Bitcoin briefly fell below $109,000 and is currently fluctuating frequently between $112,000 and $108,800.
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