BTC Midday Observation

First, let's talk about the current price. BTC is currently hovering around 111,000, having dipped to over 108,000 this morning, which startled everyone, but it has slowly crawled back up.

From a technical perspective, on the daily chart, BTC's MACD is still dominated by bears, with green bars slowly getting longer, indicating that the bearish momentum is not exhausted yet. On the 4-hour chart, the price is oscillating between the middle and lower bands of the Bollinger Bands, lacking strong direction, but overall still appears weak.

In terms of funding, ETFs are still experiencing continuous outflows, with a significant amount flowing out again yesterday, indicating that institutional investors are still cautiously observing. Large transfers on the blockchain have also decreased, and market activity has noticeably declined.

Operational advice: watch the 111,400-111,000 area first, then look at the 110,500-110,200 area.

The strategy needs adjustment if breaking through 111,800. #BTC☀