August 4th (Monday) Afternoon Bitcoin Trend Analysis and Long Strategy

In terms of Bitcoin, the 4-hour level shows a strong upward trend with increased volume. Although a bullish candle with a long upper shadow was formed, indicating strong resistance around 115500, the support around 112000 remains solid.

Short-term support can be observed in the range of 113500-114000.

Operation Suggestion:

Long positions can be arranged near 113500-114000, targeting around 116300. $BTC