Bitcoin Morning Thoughts

Currently, Bitcoin has short-term bullish conditions. From the 1-hour chart, after a price pullback, it stabilized and rebounded at an important support level, and has re-established itself above the short-term moving averages. The MACD indicator shows a golden cross upwards, with the red bars continuing to widen, indicating an increase in bullish momentum. Coupled with a warming market sentiment and initial signs of capital inflow, short-term bullish positions can be taken, with attention to the breakthrough of resistance above.

Bitcoin can be bought around 112000-112500, targeting around 113300-113500 #btc