Morning Bitcoin Analysis

Key Ranges:

Support Levels: $112,000 (previous low, whale accumulation zone), $111,000 (stop-loss reference).

Resistance Levels: $114,500-115,500 (bull-bear dividing line), if broken, may reach $116,300.

Potential Rebound Signals:

RSI close to 30 (oversold area), KDJ neutral to weak, historical data shows retail sentiment extremely pessimistic (Santiment indicator hits new low since June), which may trigger a technical rebound.

Key Patterns on the 4-Hour Chart:

Attempting to Oscillate Upwards: Bollinger Bands narrowing and flattening, price stabilizing at the middle band (~$114,000), if it breaks the upper band at $115,000, a short-term rebound may begin.

Bullish Engulfing Pattern: Appeared around $112,000, but requires volume to confirm effectiveness.

Short Position Zone:

Near $114,500-115,300 light short positions, stop-loss at $115,500-116,300, target below $113,500.

Long Position Zone:

Price retracing to $112,000-112,500 to set up long positions, stop-loss below $111,000, target $113,400-114,000.

💡 BTC is currently maintaining a bearish oscillating pattern, but oversold signals and institutional accumulation suggest a possible rebound. $114,500 is the dividing line for bulls and bears; if broken, look for recovery above $116,000; if it falls below $112,000, watch for a deeper correction to $110,000.#美联储7月会议纪要 #BTC走势分析 #杰克逊霍尔会议 $BTC