The Bitcoin strategy is as follows:
Last night, it indeed tested around 112600-113000. I previously mentioned that at this position, one must try a short-term long position. Friends who followed that advice have already profited.
The rebound strength after touching 112600-113000 is quite good, with a strong rebound at 112600. We can conclude that the support at 112600 is still valid; with such volume, even if there is a second test, there will be some rebound. Additionally, there may not be significant selling pressure during the Asian trading session.
So today, we will first consider the small range; the lower area around 112500-113000 remains a short-term support, while the upper area of 114700 still represents resistance and a short position.
