BTC Midday Outlook for Friday, August 28
After BTC tested the 81,500 high this morning, heavy profit-taking selling triggered a direct pullback. It has fallen more than 1,000 points from the high and is currently churning around the 80k level. This move is a normal shakeout after the continuous sharp rally. The broader bullish trend has not been directly damaged, but short-term upward momentum has clearly weakened. The market is fully focused on the Fed speech at Jackson Hole tonight, and the broader direction will not become clear until the news is released.
Key technical levels: The core short-term support is 78,500–78,800, an important defense level for this rally. As long as this range holds, there is still a chance to challenge new highs at 81,500–82,000 again. If 78,500 is effectively broken, it would indicate that this upward push has failed, and the pullback will widen further, with the next support at 77,000–77,400.
The upside resistance is 80,800, while the strong resistance is this morning’s high of 81,500. Only a sustained, high-volume break above this level can open up room for a new round of gains.
Recommended: Wait for a pullback to 79,000–79,500 to stabilize, set defense below 78,500, and target 80,500–81,500; a breakout could reach 82,500$BTC $ETH $SOL #BTC重返81000美元