Rush

📌 August 29th Morning BTC Market Analysis
BTC experienced a rebound and then a drop yesterday, with bullish momentum weakening, leading to high-level fluctuations in the market. From the daily chart, after a series of rebounds, the indicators are gradually becoming blunt, with the MACD red bars shortening and clear signs of diminishing momentum; the four-hour candlestick chart has repeatedly faced resistance in the 113200—113800 range, and the trading volume is insufficient, indicating heavy selling pressure above. The 111000—110500 area below is the last defense for the bulls; if it is lost, the price will likely test 109800.
🔍 Technical Highlights
Upper resistance: 113200—113800
Support below: 111000—110500, then 109800
Insufficient volume, short-term may continue to consolidate in the range.
🎯 Personal Operation Suggestions
1. Short on retracement: If the price rebounds to 113200—113600 and faces resistance, take a light short position with a target of 111500—111000, and a stop loss at 114200.
2. Pullback Long: If it falls back to 110800—111000 and stabilizes, you can buy low, targeting 112500—113000, with a stop loss at 110200.
✅ Summary
The current market is in a state of being squeezed from both sides, with the main players repeatedly washing the positions at high levels, aiming to force retail investors to relinquish their chips. In this position, do not chase highs or lows; strictly operate within the range, shorting high and going long low, and set good stop losses. Follow the thought process; no matter how difficult the market is, it's just a game of swings. Can't understand the trend.