Qin Feng's Thoughts at Dawn

The 4-hour K-line shows that Bitcoin has rebounded after three consecutive days of decline, touching the upper band of the Bollinger Bands and facing resistance. However, the middle band has provided effective support three times, which is a key defense. The MACD double lines are above the zero axis, and the bullish structure remains unchanged. In the early morning, a light long position can be taken at the middle band, with a stop loss set, targeting the upper band while paying attention to bullish momentum.

For Bitcoin, a bullish outlook is expected around 114500-115000, with a target of around 115500-115800. Defensive level is at 114000#BTC .