September 4th Morning BTC Analysis

Currently, Bitcoin is not very active, but the recent sideways consolidation may be building momentum for a significant upcoming movement. The price is slowly rising, but it hasn't surged like before; today during the day it has already reached a recent high.

Looking at the 1-hour chart, the Bollinger Bands are gradually narrowing, and the candlesticks indicate a downward adjustment. In the short term, a decline is highly probable. Therefore, for the upcoming operations, the main strategy will be to 'short on rallies'.

Operation Suggestions

Short when around 112300 to 113200, with the initial target at 111000, and then look towards around 108900.