Brothers, let's talk about Yang Ge's thoughts on the Bitcoin market this afternoon~

Looking at the 4-hour chart, after five consecutive bearish candles, there seems to be some signs of a rebound. The Bollinger Bands are still pointing down, and the price is sticking to the lower band, but the TD indicator has produced a "red 9", which is a bullish signal. It is expected that there could be a technical rebound in the short term.

Now let's talk about the long and short positions. The MACD histogram is still green but getting shorter, indicating that the bearish momentum is clearly weakening; the KDJ is currently at 55, in a neutral state with no clear direction, and the golden cross has not formed yet. We need to keep an eye on whether there can be a volume breakout later.

My thought today is to try going long around 114500 to 115000, aiming for targets of 116400 to 118000. Right now, the market is in a tug-of-war between long and short positions, so everyone should stick to a range-bound trading strategy, and make sure to set stop-losses properly, don’t be careless. It’s not too late to add more positions once the trend is completely clear; being cautious is never wrong~#BTC走势分析