Crypto Mr. Coin: 8.6 Bitcoin (BTC) Market Analysis Reference;

Bitcoin's bullish sentiment has slightly warmed up yesterday, with prices experiencing slight pressure at the 115000 level. Subsequently, the price continued to pull back and is currently trading in the 114000 area, showing weakened bullish sentiment, and the market has once again entered a range consolidation.

From the daily chart perspective, although the price rebounded yesterday, there was insufficient subsequent supply, and the trend did not stabilize upwards. Currently, it is once again pulling back towards the support below, with a rebound at the low of 112580. If the price cannot sustain a rebound to break through yesterday's high resistance, it is expected that the range consolidation will continue for some time. Day trading should maintain high short and low long positions.

From the short-term hourly chart view, the Bollinger Bands are in a contracted position, with prices under pressure and pulling back in the middle-lower band area. The current price is fluctuating near the middle of the Bollinger Bands, with short-term mid-band resistance at the 114200 level. If it can break through and stabilize, the price is likely to return to the resistance near 115000. Conversely, if multiple attempts fail to form an effective breakthrough, it is expected that the price will pull back to the support area below.

8.6 Bitcoin Market Analysis Reference;

Short position entry point 115800-114801 range, stop loss at 117500, stop loss 500, target below 113500,

Long position entry point 112600-111600 range, stop loss at 110000, stop loss 500 points, target above 113400 #币安HODLer空投PROVE #香港稳定币新规 #Solana期货交易量创新高 #BTC #ETH