Midnight Thoughts:
Market Review:
The market fell back to around 117000 after reaching near 118200 in the morning, then surged back to around 119200. In the evening, it retreated to around 118100 before rebounding to around 119700, then fell back to around 118300, and is currently oscillating around 119200.
On the four-hour chart, the volume has decreased as it crosses above the middle track, with an upper focus around 122000 and a lower focus around 115300. On the hourly chart, it has crossed above the zero axis with decreased volume, leaving a long shadow with three consecutive bullish candles. The focus below is around 118000.
Midnight:
Bitcoin is retracing to around 118500-118000, looking towards 119500-120000, and strongly aiming towards around 121000.
For the retracement around 3225-3200, look towards 3275-3300.
The market is volatile, so be sure to manage risk and defend. Profit can be secured within the range as needed.
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