Analysis of Chu Ze's morning thoughts on August 27.

The Bitcoin continued to decline yesterday, breaking the previous consolidation range, dipping to around 108,660 during the day, and then rebounding to run around the 112,300 level.

Technical analysis of Bitcoin on the 1-hour level: after a weak support from the lower band of the Bollinger Bands, it rebounded and broke through the middle band, encountering strong resistance at the upper band. Currently, it is also fluctuating near the middle band of the Bollinger Bands, and in the short term, the opening of the Bollinger Bands is showing signs of contraction!

On the four-hour chart, the price rebounds close to the middle track but has not broken through. Bullish momentum is gradually weakening, moving averages are flattening, and indicators show lack of upward strength, suggesting that the weak oscillation pattern may continue!

Operational Recommendations

BTC: Short from 112000-112600, target 109500-110500
Auntie: 4600-4660 empty, target 4400-4500

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