The market is in turmoil again. Forecast for the weekend of August 31: Pressure at high levels, intensified range fluctuations, can Bitcoin hold the 59950 defense line?

Today's market is quiet, and volatility is expected to be limited, but undercurrents are surging. Bitcoin is under pressure at high levels, and a thousand-point roller coaster is staged in the range. The price once bottomed out at 57700 and then rebounded strongly. The short-selling forces seem to be rising. The 1-hour chart shows that the price of the currency is flexible, and the narrowing of the Bollinger band indicates a sign of a change in the market. Although it rebounded to around 59000 in the short term, the middle track suppression has not been broken, and downward pressure still exists. MACD fast and slow lines are below the zero axis, and green columns appear frequently. The daily EMA30 constitutes a strong resistance. If it cannot break through strongly, the risk of a callback cannot be ignored.

The volatility pattern of Bitcoin has not changed, and investors need to operate with caution