Bitcoin Market Review and Today's Trend Analysis and Trading Suggestions
Looking back at yesterday's Bitcoin market performance, since early morning, Bitcoin prices have entered a continuous upward mode. However, during the afternoon to evening period, although there were various degrees of pullback, the continuation of the pullbacks was relatively weak.
As of now, despite the Bitcoin price showing a pullback trend from early morning to the morning, the strength of the pullback is noticeably weak. The current coin price is running above the midline of the four-hour K-line chart.
From a technical analysis perspective, $113,000 has become a crucial support level for Bitcoin in the recent period. If the Bitcoin price can stabilize at this level and successfully break through $116,000, then a rebound in Bitcoin's price in the short term is worth looking forward to; conversely, if Bitcoin's price unfortunately falls below $111,000, it is very likely to trigger a panic sell-off, at which point the price may approach the $100,000 mark.
In summary, today's analysis still maintains a bullish outlook on Bitcoin prices after a slight pullback.
Specific trading suggestions are to consider opening long positions around $114,200, with an initial target price of $115,800, and further looking at $116,500.
We won't cause fans to explode in the cabin, nor will we blindly open positions.
It's all about seeking victory steadily, making progress steadily. Those who want to profit, hop on quickly!
SUI TURMP BONK PEPE OM SOL PNUT NEIRO
