From the 4-hour perspective, it has already touched the lower Bollinger Band. This news likely indicates the possibility of a rebound. The same area of 1145-1150 can be used to place a long position. Still, pay attention to the resistance above 116.117.
Currently, there are not many significant news events to drive the market. Just observe the support levels of 114.113 for any breakouts. If there is a genuine breakout, we can consider whether Bitcoin is bullish.
Set the stop loss at 1140, but also be wary of false breakouts!!
