Good evening, family! Tonight, Brother Long continues to chat with everyone about the latest BTC trends.
First, let's look at the support level: short-term support is at $113,400, today's low point, where buying pressure is strong. If it can't hold, it may drop to the triangular lower boundary of $112,800 to $112,500. Strong support is at $111,500 to $111,187; if this level is breached, it may trigger programmed selling, so keep an eye on it.
On the resistance side, in the short term, it’s looking at $114,800 to $115,000, with the middle band of the Bollinger Bands pressing down. If it breaks through, we can look up to the previous high resistance of $115,800 to $116,500.
A note on the indicator signals: the MACD daily green bar is shrinking, indicating that the downward momentum is decreasing, but the 4-hour chart lacks sufficient upward volume, presenting a risk of divergence. The RSI on the 30-minute level is neutral, with limited short-term rebound space. The trading volume is shrinking on the rebound, showing that the bulls are weak; it needs to break $115,000 on high volume to confirm a trend reversal.
Finally, regarding operational advice: consider shorting near $114,200 to $114,700, targeting around $113,200 to $112,000. The market is highly volatile, so don’t go heavy, and set stop-losses to protect your principal! That’s all for tonight, if you have thoughts, see you in the comments, and let’s check the market again tomorrow! #BTC