BTC Brother Hao’s Trading Guide Today
As of August 31, BTC’s current price is consolidating in the 77,200–77,800 range. Early in the morning the market pushed up to 79,384, but it failed to hold. A long bearish candle then quickly dumped the price back to around 76,947—an典型 “pump-and-fail” move.
On the daily chart, this rebound started from 64,000 and climbed to above 81,000. It met resistance around the 79,300 area and pulled back, failing to break the previous high. The daily RSI has entered overbought territory, while trading volume has shrunk; profit-taking has been concentrated at the higher levels. The mid-term bullish structure hasn’t completely broken down, but the upside momentum has clearly weakened.
On the 4-hour timeframe, price has been ranging back and forth within the 75,700–79,500 box, forming multiple top patterns. The moving averages have turned bearish (bearish alignment), and the MACD bearish bars have slightly narrowed, but there’s no reversal signal yet. Both the recent highs and lows are moving down together, and short-term bears are starting to gain the upper hand. In indicators, the 14-period RSI is around 72, still overbought. Price remains above the moving averages, and the mid-term trend hasn’t fully turned bad—right now it’s more of a low-volume standoff.
Brother Hao is still bullish today. If there’s a pullback into the 77,700–76,700 range, you can look to open long positions. First target: 78,700. Second target: 79,800. The big picture for this week remains bullish. If there’s a breakout to a new high with increased volume, then watch for 83,000–88,000. Short-term volatility is high—remember to manage risk.#BTC走势分析 $BTC
As of August 31, BTC’s current price is consolidating in the 77,200–77,800 range. Early in the morning the market pushed up to 79,384, but it failed to hold. A long bearish candle then quickly dumped the price back to around 76,947—an典型 “pump-and-fail” move.
On the daily chart, this rebound started from 64,000 and climbed to above 81,000. It met resistance around the 79,300 area and pulled back, failing to break the previous high. The daily RSI has entered overbought territory, while trading volume has shrunk; profit-taking has been concentrated at the higher levels. The mid-term bullish structure hasn’t completely broken down, but the upside momentum has clearly weakened.
On the 4-hour timeframe, price has been ranging back and forth within the 75,700–79,500 box, forming multiple top patterns. The moving averages have turned bearish (bearish alignment), and the MACD bearish bars have slightly narrowed, but there’s no reversal signal yet. Both the recent highs and lows are moving down together, and short-term bears are starting to gain the upper hand. In indicators, the 14-period RSI is around 72, still overbought. Price remains above the moving averages, and the mid-term trend hasn’t fully turned bad—right now it’s more of a low-volume standoff.
Brother Hao is still bullish today. If there’s a pullback into the 77,700–76,700 range, you can look to open long positions. First target: 78,700. Second target: 79,800. The big picture for this week remains bullish. If there’s a breakout to a new high with increased volume, then watch for 83,000–88,000. Short-term volatility is high—remember to manage risk.#BTC走势分析 $BTC
