Friday Afternoon Bitcoin Market Analysis and Trading Suggestions

Bitcoin is currently in a sideways trend on the 4-hour chart, pay attention to the lower boundary of the sideways range at 110000. As long as this level is not breached, a small-scale rebound is inevitable. If it breaks below the lower boundary of 110000 today, the 4-hour chart will need to start correcting, and watch for support around 109500. Our high sell low buy strategy will truly come into play at this time. Personally, I suggest entering the market at this stage. Target around 112000.