Xuxu Baby's Cryptocurrency Analysis on Bitcoin at 8.21 Morning

Current Bitcoin Price: 114300. From the 1H level, the K-line has been continuously blocked around 114500, forming signs of a short-term top; in the moving average system, MA5 and MA10 have formed a death cross pointing downwards, showing significant short-term pressure. The MACD indicator has decreased in volume above the zero line, indicating weakening bullish momentum.

Key support is in the range of 113800-113500; if this range is broken, it may drop to 112800. Short-term pressure above is at 114800; if it cannot effectively break through and stabilize with volume, the primary strategy remains to look for short positions.

Strategy Suggestions:

Conservatives: Wait for a bounce back to stabilize at 113800 before considering short-term long positions for a rebound.

Aggressives: Light short positions near 114500, with a stop loss at 114800, targeting 113500-112800.

If there is a strong breakout above 114800, then consider taking light long positions with a target of 116000.

Overall, the morning trend remains bearish, and operations should follow the trend; do not blindly chase after rises. For friends who do not understand the trend direction, the teacher shares directional strategies every day, so pay more attention to the homepage! #BTC #BTC走势分析 #BTC🔥🔥🔥🔥🔥 #加密市场回调 #美联储7月会议纪要