8.28 Morning BTC Market Analysis:

From the 4-hour chart, BTC just broke through the middle band of the Bollinger Bands but lost momentum. The K-line is also showing a death cross signal. The bulls and bears are currently in a tug-of-war, but the bears are clearly gaining the upper hand. Don’t rush to act right now; it’s more prudent to wait for a rebound before going short.

Operation suggestions:
When BTC rebounds to around 112700–112200, you can lay out a short order, initially targeting 111500. If it can break below that, then look down to 111000, following the bearish rhythm will be smoother.

If it stabilizes at the support level and the downward trend slows, you can try to go long with a light position.
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