Bitcoin Evening Analysis

BTC's evening trend showed some signs of ambiguity, warranting careful observation. From the moving average perspective, both the short-term and long-term moving averages showed a downward-sloping bearish trend, with the price firmly below all moving averages. This clearly indicates that the overall trend remains weak, and market sentiment has yet to fully recover.

However, a bullish engulfing candlestick pattern appeared, injecting some momentum into the short-term trend and suggesting a potential rebound opportunity. However, this positive signal slightly contradicts the bearish trend signaled by the moving averages, creating some balancing act.

As a guide, consider a dip-buy strategy in the 112,700-113,100 range. If successful, the short-term target could be around 113,800. If the rebound momentum continues, consider 114,200. Falling below 123000, strategy adjustment #加密市场回调 #BNB创新高 #BTC