#BTC Market Analysis 8/27
【1-hour timeframe】
Bitcoin is currently ranging at high levels without follow-through. Overall, the trading approach is to buy low and sell high within the range. It’s only suitable for short-term scalping; don’t chase orders. Here are some support and resistance levels within the range for reference:
Nearest support: 77600-78000
Strong support: 76500-77000
Resistance: 79500
Strong resistance: 80300-81300
【1-hour timeframe】
Bitcoin is currently ranging at high levels without follow-through. Overall, the trading approach is to buy low and sell high within the range. It’s only suitable for short-term scalping; don’t chase orders. Here are some support and resistance levels within the range for reference:
Nearest support: 77600-78000
Strong support: 76500-77000
Resistance: 79500
Strong resistance: 80300-81300
