Daily Market Analysis of the Cryptocurrency Circle (8.5)

Summary:

$BTC 123300-111800 has shown a pink daily line drop, and the 4-hour entry strength is greater than the exit strength. Therefore, the probability of a 4-hour central consolidation divergence is currently high. If it continues to break below 111800, there is a significant chance of forming a double central trend divergence. The daily line stabilizing above 117200 will see new historical highs. Currently, the viewpoint maintains a range of 115600-111800 to construct a 4-hour central consolidation for oscillation. As of now, there has been no continuous increase in volume observed during the bottom rebound, so caution against a second probing spike is advised. The current 4-hour rebound is either the last internal move from 113300-111800 or the new first move on the daily line; it doesn't matter. Future structural developments will be categorized again. For now, it is treated as a 4-hour oscillation consolidation area, with upper pressure levels at 115600 and 117200, and lower support levels at 113500 and 112300.

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