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#ETH 8.27 BTC morning analysis
Technical analysis shows:
On the 1-hour level, after a brief support at the lower Bollinger Band, it rebounded and broke through the middle band, but faced strong resistance at the upper band. Currently, it is oscillating near the middle band, and in the short term, the opening of the Bollinger Band shows signs of contraction.
On the 4-hour chart, the price rebounded to near the middle track without breaking through, the bullish momentum is gradually weakening, and the moving averages are flattening, indicating that the weak oscillation pattern is likely to continue.
Operation Recommendations:
BTC: Short around 111700-112100 on the rebound, target near 109000
#Gate广场七夕心意 #加密市场回调