Thursday Morning BTC Market Update on the Silk Road

Recently, Bitcoin has repeatedly dipped, establishing solid support around 112000. Overnight, the price successfully broke through 114000, indicating a potential shift in the short-term trend.

In the 4-hour chart, after bottom support, there has been a series of upward movements, and the Bollinger Bands are narrowing, halting the short-term downtrend. Indicators across various levels are collectively turning upward, suggesting a possible continuation of the rebound in the short term, with a focus on the rebound action for the day.

Operation Suggestion: BTC: Near 113800, 113500, consider taking positions with a target of 115000 - 116000.