In the early morning, the price of Bitcoin has been declining, reaching a low of around 118,000. Compared to yesterday's high, the drop has reached as much as 4,400 points.
From the short-term four-hour chart, the support of the Bollinger middle band remains significant, providing strong support for the subsequent trend. A rebound is expected in the market, and the operation should still focus on buying low!
Buy Bitcoin between 118,500-118,000, targeting 119,800, 121,500, 122,300.
