$BTC From the 8-hour perspective, BTC has already experienced a 4-day downtrend. Despite a strong rebound following a steep decline, the downward momentum continues. Currently, the price is below the middle Bollinger band, and it is expected to decline further. Additionally, the overall Bollinger band is beginning to open downward, and the MACD's fast and slow lines are converging, indicating that a more significant drop below the 112000 support level may occur. In the short term, after the market experienced a drop in the early hours, there was a certain degree of rebound, but overall, the rebound has not been effectively sustained, and the decline is still ongoing. However, there is no particularly obvious one-sided trend in the overall decline.
Moving forward, our strategy will still be primarily to buy low, and we need to consider more conservative entry points. Friends following along with this strategy should also set stop losses strictly; we will not blindly oppose positions. The ETH market trend is not much different from Bitcoin's, just with larger fluctuations, so we need to pay more attention to setting stop losses.
Trading suggestions:
Buy Bitcoin at 113000-112500, aiming for 114000, with a stop loss of 300 points.
