$BTC Bitcoin 11.2-11.1 there is a rebound expectation here, it just depends on how high it can go and whether it can start to reverse
▶️ Although I have been sharing the bottom support with everyone these past two days, the rebound expectation for Bitcoin at 11.2-11.1 was mentioned 2 days ago, we just have to see if it can bounce to 116000 to start the reversal
▶️ Yesterday I mentioned that for Bitcoin 114700, 115700 every 1000 points is a resistance level, the upward movement at night was successfully blocked at 114720
✅ How to view today's market on 08.04
1️⃣ 111600 is still the watershed for Bitcoin, closing above it has a chance to start a unilateral upward trend
2️⃣ Bitcoin is currently constipated below 114700, as long as it does not fall below 113600, long positions are still relatively safe. If it falls below, then your short position at 114700 will be in trouble
3️⃣ For the stubborn ones, the daily trend line can still be played one more time. As time goes by, it has already reached around 112788, breaking down to 110888
⚠️ So your clever little brain must have come up with the following long and short strategies
1️⃣ Same as yesterday, aggressive traders 114700-115700 short, conservative traders short at 115700, leave 1000 points to average down and escape, strict stop loss on strong breakouts
2️⃣ One last long position at 112788, leave 1000 points to average down and escape, strict stop loss on excessive dips
3️⃣ Guarding at 110888