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Analysis of BTC market on the morning of 8.27
The price has shown preliminary signs of an upward breakout after experiencing a relatively consolidating phase recently. Previously, the price fluctuated within a relatively narrow range, with both sides in a closely matched state, indicating a temporary balance between bullish and bearish forces in the market. However, in the morning session, the price has seen a series of small bullish candles rising, and it is currently making an attempt to challenge the moving averages, which is an important signal that bullish forces are beginning to accumulate and trying to dominate the market.
Buy around 110700 - 110000, target 111800-113000.