BTC Analysis at 8:22 AM

Tonight at 10 PM, Old Bao will give a speech, please pay attention

The 4-hour chart shows a five consecutive bearish patterns, with KDJ lines continuing to diverge downward; however, the larger 12-hour cycle shows signs of a 'bottom divergence', and the daily bearish trend is slowly decreasing in volume; coupled with institutional support and pressure from the understanding king to cut interest rates, why not look a bit further ahead, aiming for a support level of 110,000! And what about looking upward?

Taking inspiration from BNB reaching new highs, besides Xing Ge continuously watching 880 and emphasizing to buy on the dip, how many have truly listened?

For aggressive traders, go long directly around 112,500, for conservative traders, enter long in batches above 110,500, with a short-term target of 117,300, a swing target of 123,300, and a long-term target of 130,000.