Analysis within 8.7 days

The Bitcoin price fell as expected yesterday↓ and then rose to around 115,600. As anticipated, after securing profits, it did not maintain a good entry point and did not form a double bottom at the bottom before starting to correct. Now, we are waiting to see if there will be another opportunity to↓. As long as the previous high of 116,000 forms a double top structure, we can attempt to enter in batches. Regardless of whether there is an opportunity or not, this week 115,500 has already consumed several thousand points, and the remaining opportunities are just icing on the cake. Please adjust flexibly according to market trends.

From a technical perspective, the overall trend is characterized by high-level fluctuations. The MACD fast line is below the slow line, indicating a downward trend, with the red line bars shortening. The KDJ is at a low level, indicating market overselling, and a rebound is expected in the short term. During this period, maintain a focus on high and low points. (Defense is crucial)

For a rebound near 115,700 to 115,200, look to go long.

Target at around 113,800 to 113,300.

For a rebound near 3,700 to 3,685, look to go long.

Target at around 3,640 to 3,610.