Xuxu Baby's Analysis of Bitcoin Market at 1 AM

The current price of Bitcoin is around 114,000, maintaining a trend of consolidation. On the daily chart, although there has been a slight pullback in the short term, it still stands firmly in the previous support range, and the overall pattern remains healthy. The bulls still have momentum, and the bears have not formed an effective breakthrough, with market sentiment still leaning towards optimism.

Four-hour Chart Analysis:

Currently, the price is oscillating in the range of 113,500 to 114,500. If this support range holds effectively, there is hope for another upward movement in the short term.

Operational Suggestions:

Buy on Dips: Pay attention to the pullback opportunities in the range of 113,500 to 114,000, enter at the right time, and aim for targets of 116,000 to 117,000;

Bullish Breakout: If it breaks above 117,000, the short-term target can be seen at 118,000 to 119,000.

Summary:

Bitcoin is currently performing steadily, and one can consider buying on dips when it pulls back to the support range. In terms of operations, it is advisable to focus on key support levels, flexibly adjust targets, and seize rebound opportunities. #BTC #BTC走势分析 #BTC🔥🔥🔥🔥🔥 #加密市场回调 #杰克逊霍尔会议