8.4 Morning BTC Analysis

The overall structure currently presents a rebound after hitting a bottom, with the market gradually rising towards the middle band of the Bollinger Bands. At the same time, the Bollinger Bands show signs of contraction, indicating that the recent volatility and consolidation characteristics are becoming increasingly evident.

From the perspective of K-line momentum, the previous large bearish candle followed by a series of small bullish candles forms a "large bearish candle fragmented by bullish candles" pattern. Although this has released some bullish momentum, the overall strength of the move is limited, and a strong reversal trend has not yet formed.

Under this rhythm, the breakout situation at the key point of 115200 becomes an important guide for the subsequent trends. If this point is not effectively broken, it means that the market is still under the pressure of a bearish trend, and the rebound is merely a phase correction, with the overall view still leaning towards bearish. In the future, short positions can continue to be set up relying on this resistance level, waiting for the trend to extend further.

Trader's operation suggestion: Bitcoin is trading around 115200, and the short position is $BTC #币圈 .