8.1 Morning Bitcoin Aunt Market Analysis
Looking back at midnight, it was another precise hit, dropping from 119000 down to 116000, a maximum range of 3000 points! The morning market touched a low point of 116077. Aunt's midnight market synchronized with Bitcoin's movement, starting from a high point of 3816 and continuously descending to a low point of 3709. The timeline is very clear, and those who are following it should take note.
From an hourly perspective, the market has strongly broken below the lower Bollinger band, and a one-sided trend has formed. The market is further exploring lower levels; although there is some support at the psychological level of 116000, even if the market rebounds, the strength will not be substantial. Therefore, blindly bottom-fishing in the morning is not a wise choice; one should go with the trend and think in terms of short selling. Today's Bitcoin outlook remains strongly bearish and can continue to decline!
Bitcoin can be around: 115800-115900, Target: 114600-114000
Aunt can be around: 3680-3790, Target: 3630-3620$BTC