8.5 Qin Feng's Midday Thoughts

From the four-hour perspective, after a recent pullback, Bitcoin has gained significant support and the price has stabilized and rebounded. Technical indicators show a golden cross and are diverging upwards, indicating accumulation of bullish strength. Market sentiment is warming up, with moderate increase in volume. The current trend shows signs of restarting the upward momentum, and Bitcoin is expected to continue its rebound in the short term, hence maintaining a bullish outlook.

Bitcoin can be viewed bullishly around 113000-113800, with a target near 114500 #btc