From the current pattern of Bitcoin, the market is still in a period of fluctuating adjustments. The current pullback is more of a technical correction rather than a trend decline. Although market momentum has not significantly increased, the support levels below are gradually becoming apparent. Although the daily trend once broke through key support, based on the current pattern analysis, there is still room for adjustment.
In the hourly trend, the price has experienced ups and downs and is now consolidating, with the operating channel gradually narrowing. After a period of consolidation, a rebound has occurred. Bullish momentum has significantly strengthened, and the moving averages show a consistent upward trend, achieving substantial gains in the short term. Signs of recovery are becoming increasingly evident. We are optimistic about an upward movement today.
Morning operation strategy: Buy directly at 114000-113500, with a target of reaching 115000.