The gap near 117000 for Bitcoin has not yet been filled; this position will eventually be reached. Based on the bearish trend of Bitcoin on a weekly level, it has been slow to rally, and the market is relatively weak. The fluctuations of Bitcoin are actually beneficial for mainstream and altcoins, as many mainstream coins will at least experience another wave of market activity.
Looking back at the 4H chart, the bottom for Bitcoin has already formed. It is still uncertain whether the second test will be successful, but even if it breaks below 108666, the downward space is limited. Strong support remains in the range of 108300-107300. It is unknown if it can go lower, but this position is definitely not the best for shorting. Perhaps a retest won't break below 108666. Yesterday's long positions can take partial profits, and the remaining positions can be protected. The intraday strategy remains bullish on dips, aiming for the gap at 117000 above. #BTC走势分析
Upper pressure: 112500/114600
Lower support: 109800/108800
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