BTC Evening Perspective

The evening BTC trend shows a sense of 'entanglement', which deserves our careful observation. From the perspective of the moving average system, both short-term and long-term moving averages are showing a downward-sloping bearish arrangement, and the price is steadily standing below all moving averages. This undoubtedly indicates that the overall trend is still leaning towards weakness, and market sentiment has not fully warmed up yet.

However, the appearance of a bullish engulfing pattern in the candlestick chart injects a bit of vitality into the short-term trend, suggesting that there may be a rebound opportunity in the short term. Yet, this positive signal creates a slight contradiction with the bearish trend conveyed by the moving average system, adding a bit of room for consideration in operations.

As for operational guidelines, we can consider trying to set up a low buy in the range of 112700-113100. If we can successfully enter, the short-term target can initially be set around 113800, and if the rebound momentum continues to release, we can further pay attention to 114200.

If it breaks below 112300, the strategy needs to be adjusted. #BTC走势分析