$BTC The midday market retracement broke through the 108000 mark, dipping to a low of 107300 before bouncing back. Currently, the price is fluctuating around 107700. However, the retracement of the alternative asset has not shown significant space, instead exhibiting a trend of consolidation, indicating there is still room for further gains in the future.
From the current market perspective, the four-hour K-line chart has broken through the middle track support, indicating a certain retracement as a correction of the market, similar to the usual Asian session's correction. The pattern shows a transformation from a three consecutive bearish candles retreat to a T-shaped K-line recovery. The market's consolidation range has shifted downward, but as long as the bottom support at 106800 holds, there is still room for a rebound. The strategy remains unchanged with a low-buy approach.
For Bitcoin, consider buying in the range of 107200-107500, targeting near 109800. For the alternative asset, consider buying in the range of 2750-2765, targeting near 2850. #BTC
