Morning Analysis of Bitcoin:
This morning, Bitcoin is oscillating around $113,500, with short-term support at $112,000-$111,000 and resistance at $114,500-$115,500. The MACD indicator shows signs of a golden cross on the 4-hour level, but overall it is still in a bearish arrangement.
⚡ Trading Strategy:
➡️ Consider lightly shorting near $114,500 (with a supplementary buy at $115,000), stop-loss above $115,500, target $113,000-$112,000
➡️ Consider lightly going long near $112,000 (with a supplementary buy at $111,500), stop-loss below $111,000, target $114,000-$114,500
⚠️ Note:
1️⃣ The Jackson Hole central bank annual meeting opens today; be cautious of monetary policy statements that may cause volatility.
2️⃣ Current trading volume is shrinking; a breakthrough above $115,500 may open up upward space, while a drop below $111,000 may accelerate downward movement.
3️⃣ Strictly control position size; individual stop-loss should not exceed 2% of the principal, and avoid overnight heavy positions.
