BTC Hao Ge Today’s Trading Guide
As of August 29, 2026, after a round of strong bullish rally, Bitcoin is currently in a short-term pullback. The larger bullish structure for the medium term remains intact and has not been broken.
Yesterday’s price action saw a sharp pullback from above 81,300, directly breaking through the key 80,000 level. The current range-bound movement is around 77,500–78,000. During the morning session, price dipped to around 76,888. This pullback is mainly driven by the Federal Reserve’s remarks turning more hawkish, but the rebound trend that began in mid-August is still in place.
From a technical perspective, the 4-hour chart has broken below the short-term moving averages. However, the medium- and long-term moving averages are still holding the price firmly, which is considered a normal retest after a strong surge. The daily RSI has eased from the overbought zone. On the 4-hour chart, indicators have already reached the oversold area, and the selling momentum is gradually weakening. Yesterday’s decline saw increased volume, with a concentrated liquidation of long positions. Market sentiment has cooled accordingly.
Key levels to focus on: the first resistance overhead is 79,000–79,500, and the stronger resistance is 80,000–81,000. On the downside, the first support is 76,500–77,000, with further defense at 75,000–75,500. Liquidity is relatively weak over the weekend, so price volatility can be easily amplified—be sure to watch the risk of increased fluctuations.
For today, Hao Ge’s outlook remains bullish. Consider placing long orders in the 77,500–76,600 range. The first target is to watch for 78,400, and then a subsequent push toward the 79,500 area. #BTC $BTC
As of August 29, 2026, after a round of strong bullish rally, Bitcoin is currently in a short-term pullback. The larger bullish structure for the medium term remains intact and has not been broken.
Yesterday’s price action saw a sharp pullback from above 81,300, directly breaking through the key 80,000 level. The current range-bound movement is around 77,500–78,000. During the morning session, price dipped to around 76,888. This pullback is mainly driven by the Federal Reserve’s remarks turning more hawkish, but the rebound trend that began in mid-August is still in place.
From a technical perspective, the 4-hour chart has broken below the short-term moving averages. However, the medium- and long-term moving averages are still holding the price firmly, which is considered a normal retest after a strong surge. The daily RSI has eased from the overbought zone. On the 4-hour chart, indicators have already reached the oversold area, and the selling momentum is gradually weakening. Yesterday’s decline saw increased volume, with a concentrated liquidation of long positions. Market sentiment has cooled accordingly.
Key levels to focus on: the first resistance overhead is 79,000–79,500, and the stronger resistance is 80,000–81,000. On the downside, the first support is 76,500–77,000, with further defense at 75,000–75,500. Liquidity is relatively weak over the weekend, so price volatility can be easily amplified—be sure to watch the risk of increased fluctuations.
For today, Hao Ge’s outlook remains bullish. Consider placing long orders in the 77,500–76,600 range. The first target is to watch for 78,400, and then a subsequent push toward the 79,500 area. #BTC $BTC