[BTC market analysis at 11:26 am on August 31, 2023]

After Bitcoin's second charge in early trading yesterday, it temporarily stepped back to the 27000-27300 range to test whether the bottom support of the range is effective. This range is an important range this year. In addition, on the last day of this month, wait and see is the main focus. For those who bought low in the past few days For chips, you can reduce your position when there is a charge, and wait patiently!

After the monthly K closes, let’s watch the market sentiment ferment. Tomorrow is approaching the weekend and liquidity will be reduced. There will be a wave of long and short competition in the market to compete for the dominance of market sentiment next week and next month, so as to attract more wait-and-sees. Get in the car, wait for the time to change, and take action to harvest!

Today, pay attention to whether there is any opportunity to close the price between 26600-26800, and the performance of the consolidation band in the 27000-27300 range can change.

Pressure 27600/27800-28100 short-term strong pressure 28800

The more the spot price rises, the more positions will be reduced in batches, which is an opportunity for contract insertion! #BTC $MAV $SEI $ARKM