Midday Thoughts

Looking back at the morning, Bitcoin showed a bullish oscillation trend, with prices gradually climbing from the support level around 110800 to near 112000, with a clear fluctuation range. The index rose from 4465 to around 4580, indicating that bulls are dominating the market in the short term.

From an hourly perspective, although there was a pullback, there was no sign of panic characterized by 'increased volume drop', indicating that selling pressure is relatively limited; the MACD indicator maintains a golden cross above the zero line, but the height of the red bars has slightly decreased, showing that short-term upward momentum has weakened. We need to be cautious of the risk of indicator divergence. In the afternoon, we will focus on a low long strategy.

Bitcoin: Long in the range of 112500-112000, target 113000-113800

Index: Long in the range of 4550-4520, target 4600-4650