BTC Market Analysis on the Morning of August 29

Currently, the BTC market shows distinct oscillation characteristics: from a daily perspective, after significant fluctuations in the previous period, the price range is gradually narrowing, and the overall market has entered a consolidation phase; on the 4-hour chart, the price is clearly under pressure at the 113,500 level, currently trading in a narrow range near 111,600. Observing the short-term momentum, the bullish strength has weakened, so short-term operations can adopt a strategy of high shorts and low longs. During operations, it is essential to closely monitor real-time market changes, strictly set take-profit and stop-loss levels, and ensure effective risk management.

Big Brother's suggested approach: Consider setting up short positions near 112,000. $BTC #Crypto Circle