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Market Analysis of BTC on the Evening of August 28
The significant surge from 110811 during the day highlights the strong buying power and control ability of the bulls. The moving averages in the upward trend still show a bullish arrangement in the short term, leaving room for a continued upward momentum in the technical aspect. If it can regain momentum this evening and break through 113318, it is expected to activate follow-up buying, extending the rebound.
Buy near 112000-112500, target 113500, if it breaks then look at 115000.