Good morning, friends! The midnight Bitcoin price trend basically aligns with our expectations. It first oscillated upwards from the retest low of around 118400, reaching a peak of 120100 in the early morning. After that, the market weakened, with the price quickly dropping back to around 118400, giving a range of over 1700 points. We proposed a strategy around the 120000 level at midnight, perfectly managing the market trend. It can be said to be spot on; as long as you follow the rhythm throughout, you can definitely pocket all the gains from this market without any difficulty.

From the current market perspective, after testing the 120000 level, the market has weakened again as we expected. The four-hour bullish momentum has been interrupted, and the recent closing prices have shown long upper shadows, indicating that buying power is weakening, and a short-term trend reversal has been completed. From the hourly perspective, after attempting to break through the upper line, the market still failed to stabilize and has formed a small upward channel on the previous slope, with the volume still increasing. The price may further extend downward. Combining with the daily level, the early market is about to close with a downward hanging line, and the moving average has changed from strong support to strong resistance. Our strategy remains unchanged as we continue to follow the trend.

Bitcoin: 119000～119400 trend, looking down to 117500. $BTC $ETH #山寨季何时到来？ #BTC再创新高 #币安Alpha上新