Zhang Lihui, edited at 2:08 AM Beijing time on August 31: Bitcoin market analysis and trading suggestions:

The 1-hour Bollinger Bands for Bitcoin are contracting, with the current candlestick facing resistance from the upper band and the EMA30 dual line. After the fast and slow lines formed a golden cross, the opening is moving upwards close to the 0 axis without signs of contraction. There is no significant decrease in volume above the 0 axis, but the KDJ's three lines at the top are converging downwards, and the RSI's three lines are also moving downwards, indicating that there is room for a pullback;

The 4-hour Bollinger Bands are also severely contracting, especially as the upper band has pressed down to the 110,000 level. The current candlestick is at the middle band position, and after the fast and slow lines formed a death cross, there has been a first contraction in volume, but it is not strong. It is expected to be another reversal pattern; therefore, those who have already entered short positions should leave room to add positions at the upper band level;

On the daily level, the Bollinger Bands' three lines are moving downwards, with the lower band piercing the EMA120 but continuing to move down towards the EMA180 position. This position can serve as a target for medium to long-term trades, while the short-term bearish target can refer to the 4-hour lower band position. The current fast and slow lines are in a death cross and continue to open, with a noticeable increase below the 0 axis. Both KDJ and RSI are in a downward trend and entering oversold territory. In the short term, attention can be paid to the pressure at the EMA120 position for high short positions with light holdings!

Today's Bitcoin short selling suggestion: light short above 109,300, add above 110,000, stop loss at 110,600; target 108,400-107,500; if it breaks below 107,300-107,000, you can continue to hold;

For a conservative Bitcoin long position suggestion: light long below 105,400; stop loss at 500 points; target 2000 points; long-term long position opportunities should focus on the strong support at the daily EMA180 position; specific updates can be followed in real-time from Lihui!

There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations. The suggested points in the article are for reference only; do not operate with heavy positions. Please set take profit and stop loss when entering, and take profits when favorable!

I, Lihui, interpret world economic news and analyze the major trends in the global cryptocurrency market. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!

This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges, and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, experience storms, and gain insights into life.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。