Bitcoin Evening Thought Analysis
In the morning, Bitcoin faced downward pressure from around 112300, with a low point reaching around 110800. The short-term trend remains primarily a strong fluctuation. Observing the hourly Bollinger Bands, the three bands are slightly diverging upwards, indicating that the morning's pullback did not break the short-term upward fluctuation pattern. Previously, the price briefly broke through the upper band but quickly returned to the channel, with the key issue being that the volume did not support the breakthrough, making it difficult for bullish momentum to sustain.
Bitcoin trading strategy: Look for rebounds near 111750-112580, and look down towards around 110850
