Analysis of ideas on midday of September 1st

On the daily chart of Bitcoin, after experiencing a deep pullback in the earlier period, the price has recently entered a narrow consolidation pattern, with several consecutive trading days showing small bearish and bullish candles, indicating overall weakness in the trend. On the 4-hour chart, the price is forming a fluctuating range at a low level, with the rebound highs gradually descending while the support below remains relatively firm, suggesting that a short-term bottoming pattern is in the making. In terms of indicators, both DIF and DEA are still operating below the zero axis. Although the green bars have somewhat converged and selling pressure has weakened, the two lines have not yet formed an effective golden cross, and bullish signals have not yet been confirmed.

It is recommended to go long near the current price of 107280, with a target of 108300-108800. If it breaks through, continue to look upwards, and protect with a 500-point stop!
#山寨币市值上涨2.64%