BTC Morning Analysis: #BTC☀

The Bitcoin fluctuated between 110500-111960 last night, with the highest point reaching 111959.5

Looking at the hourly Bollinger Bands, it is positioned between the middle and upper bands. The short-term trend is slightly strong but faces resistance at the upper band. The bullish momentum in the MACD is weakening, and a technical pullback may occur in the short term.

Trading suggestion: In the short term, still short on rallies, while in the medium to long term, consider going long at lower levels.