8.27 Afternoon BTC Market Analysis

The current price is 111236. Although it is still below the double moving averages, we can see that the trading volume has not continued to expand during the decline, which indicates that the bearish strength may have weakened during the release process. At the same time, signs of bullish capital intervention are beginning to emerge during the rebound phase. Although it has not yet driven the price to effectively break through the double moving averages, it has brought some positive signals for the afternoon market.

Around 110300-111000, target 112400-113500