8.10 Early Morning Trend Analysis

Today, the price of Bitcoin rose to 117906 before experiencing a pullback. Observing from the daily level, yesterday's lower shadow was relatively long, indicating strong support below; in terms of the MACD indicator, the fast line has a trend of forming a golden cross above the water, suggesting that the current downward trend is under pressure, and the overall trend is still dominated by bulls.

From the four-hour level, it is currently showing a two consecutive bearish candle state; the MACD indicator at this level is in a dead cross above the water but is far from the zero axis, which further indicates that the current price belongs to a temporary pullback. In terms of operations, one can wait for the price to rebound before entering with a low bid strategy.

For Bitcoin, it is recommended to bid low around 115500-116300, with a target looking at around 117000-118000. If it breaks through, one can continue to look upward, if not, one can attempt to take the opposite position.