BTC Morning Analysis: #大而美法案

The major currency has formed a continuous bearish engulfing structure on the 4-hour chart, with the latest K-line testing the lower shadow, recovering to around 105691 after testing the 105100 support. On the daily chart, there is a three consecutive bearish candle pullback, with the body gradually shrinking, indicating weakening selling pressure.

The MACD on the 4-hour cycle shows the DIF and DEA accelerating divergence below the zero axis, while the daily MACD histogram has reduced to 89.6, signaling a potential shift between bulls and bears. The RSI on the 4-hour chart continues to hover at the 37 oversold edge, while the daily RSI is about to reach the 50 mid-axis watershed, indicating a gradual weakening of bearish forces.

Trading Strategy: Go long at low levels around 105500, target 107000, stop loss at 1000u.