BTC/USD Signal 27/08: Bitcoin Forms Shooting Star Candle

Created on August 27, 2026

Bearish view

• Sell the BTC/USD pair and set a take-profit at 72,000.

• Add a stop-loss at 83,000.

• Timeline: 1-2 days.

Bullish view

• Buy the BTC/USD pair and set a take-profit at 83,000.

• Add a stop-loss at 72,000.

Bitcoin retreated slightly as the recent bullish momentum faded and as investors started to book profits. The BTC/USD pair dropped to 78,450 on Thursday, down from this month’s high of 81,233. It has formed a shooting star candle that may be a sign of a bearish reversal.

Bitcoin Retreats Ahead of Jackson Hole Meeting

The BTC/USD pair wavered as traders started booking profits after the recent rally that pushed Bitcoin to its highest point since May. This retreat happened after the US released relatively strong inflation numbers. A report showed that the headline Personal Consumption Expenditure (PCE) rose 3.7% in July, higher than the expected 3.6%. Core PCE, which excludes the volatile food and energy, rose 3.3% during the month.

The coin is now waiting for the upcoming statement from Jerome Powell, the Federal Reserve Chair, at the Jackson Hole Symposium. This will be an important statement because it will shed more light on the future of interest rates. Signs that the bank will hike rates later this year will be bearish for the coin.