Analysis of the Night Thoughts on August 31

On the 4-hour level, Bitcoin continues to maintain a fluctuating upward trend. Although it has not effectively broken through the key resistance above, the bulls' intention to attack multiple times is evident. Each pullback has not fallen below important support, indicating that the buying power is strong and the breakthrough energy is continuously accumulating.

From the daily chart structure, Bitcoin has shown clear signs of stabilizing after experiencing a deep correction previously. Although it has not completely freed itself from the pressure of the prior downtrend, there is sufficient momentum for a short-term rebound. In terms of operations, one can rely on the support area below to strategically place long positions and participate in this round of recovery.

The operation suggests to go long near 108100-107800, with a target looking at 109200-109800, defending 500 points, and looking to continue upward on a breakout!#鲍威尔鸽派发言