Morning analysis on 8/27

The current price of Bitcoin is around 1,113,000. The medium to long-term outlook remains unchanged. Those who have opened short positions above can continue to hold until the target of around 1,060,000. Next, let's look at the short-term structural trends. The position at 124,474 is showing a tendency towards a double zigzag structure. The first zigzag should complete near 108,000, followed by a pullback to around 114, before starting to oscillate back and forth, leading into the next zigzag. This double zigzag is likely to be completed, with 1,060,000 being the largest resistance level on the chart.

Operation Recommendations
Overall, the daily trend is still in a bearish pattern, the downward trend remains unchanged, and the upper middle band of the Bollinger Bands continues to open.
Short around 112000-112500, targeting 110000#Gate广场七夕心意 #ETH创历史新高