8.15 Evening Bitcoin Aunt Tai Market Analysis
Bitcoin tested the support level around 117300 three times last night and rebounded, currently peaking above 119200, hovering around 119000 with fluctuations.
From a technical perspective, the 12-hour chart saw a spike up to the resistance around 124500 yesterday morning, with a green 9 appearing on the TD indicator above, indicating a bearish trend in the larger cycle. It has now recorded two consecutive large bearish candles, rebounding nearly 2000 points from the early morning low, and there appears to be a continued upward trend in the short term. Key attention should be paid to the resistance at the round number of 120000; reaching this area could allow for a short position.
Bitcoin can be traded around: 118500-117600, target 119800-121000
Aunt Tai can be traded around: 4600-4550, target 4680-4780
