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Evening analysis on 8/27
The oscillating pattern remains unchanged, and the rise is not a reason to chase high prices.
The market is operating at a one-day tour rhythm, and it is highly likely to drop again today!
In terms of operations, short positions are still focused on the upper range of the interval. The strong resistance area above Bitcoin is at 114000. From the current technical structure, the weekly level pullback has not yet completed. Additionally, in terms of timing, conditions do not allow for a continued breakout or significant rise. Therefore, it is highly probable that the market will continue to oscillate around the weekly level range.
Evening 112000-112500 is still empty! #BTC vs. ETH 巅峰对决