Bitcoin 114700-114900 strong support locked! A morning star signal will appear on the 4-hour chart, aiming for the heights of 116750 and 118500!

Today's intraday support level is clearly locked in the range of 114700 to 114900. This range is by no means ordinary support, but a key replenishment level at the daily level, meaning that there is strong technical support logic here, making it a core area where buying power can easily form effective support.

From a short-term perspective, the current 4-hour candlestick has formed a doji, which itself conveys a signal that the short-term bullish and bearish forces are tending to balance. More importantly, this doji happens to fall on the support level of the lower Bollinger Band on the 4-hour chart, further strengthening the effectiveness of the support in the range of 114700 to 114900—the lower band itself is an important defensive line for bulls in the short-term trend. Combined with the stabilization signal from the doji, the strength of support here is beyond doubt.

In the subsequent trend, once the 4-hour candlestick closes with a bullish line in this support range, the probability of forming a morning star pattern will be very high. The morning star is a classic bottom reversal signal, and once confirmed, it will directly indicate the end of the short-term adjustment and the restart of the upward trend.

Once the upward trend starts, the market will inevitably launch an attack on the previous key resistance level, with the first target being the level of 116750. This is an important checkpoint that has been contested multiple times recently, and after breaking through, the next target will be aimed directly at 118500. This position is not only near previous highs but also an important resistance level in the medium-term trend, carrying significant reference meaning.

In summary, the support stability in the range of 114700 to 114900 is extremely high. After stabilizing here, the logic of forming a morning star and driving an upward trend is clear, and the subsequent trend towards 116750 and 118500 is worth paying close attention to.

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