The midday trend of Bitcoin has slowed down. From the four-hour perspective, the price is unable to break through the middle track of the Bollinger Bands, then comes under downward pressure. However, there is some support below, and the price has not been able to continue. The MACD indicator has formed a golden cross in the underwater zone, showing an upward momentum, but there is also some pressure above. The price cannot rise significantly or drop significantly, which directly reflects the intense battle between bulls and bears. In the afternoon, we will look for a key support level below at 111000. If it breaks through, we will go with the flow. If it does not break through, we will consider a low long strategy.
Buy Bitcoin around 111300, target near 110000;
