The Bitcoin market has recently shown a complex trend. From the 4-hour Candlestick Chart, a key support level has formed around the $27,000 mark, which has rebounded quickly after multiple tests, indicating strong resilience at the bottom. However, the market is still in a high-level consolidation phase, with significant pressure above.



In terms of technical indicators, the MACD on the 4-hour chart shows positive signals. Although the DIF and DEA lines are still below the zero axis, the histogram has changed from green to red, indicating that the bearish strength is weakening and the bulls are trying to regain control. However, it is important to note that the daily MACD still appears weak, which means that a complete reversal of the trend requires further confirmation.

For short-term traders, it may be advisable to consider placing short positions around the $27,500 mark, with a target level set at approximately $26,500. However, it is also important to closely monitor market changes, and if clear reversal signals appear, strategies should be adjusted in a timely manner.

Overall, the current Bitcoin market is at a critical decision point. Investors should remain vigilant, paying attention to potential downside risks while also preparing for possible upward movements. In this uncertain market environment, risk management becomes particularly important.
BTC0.03%
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ImpermanentPhilosophervip
· 08-28 12:50
Whether it has bottomed out depends on one's mood.
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Deconstructionistvip
· 08-28 12:47
Sitting at a high position to enjoy the scenery~
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pumpamentalistvip
· 08-28 12:40
fell again, panicking?
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DeadTrades_Walkingvip
· 08-28 12:26
Laughing to death, who still looks at K-line?
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