Analysis of Thoughts on the Early Morning of September 8

Every market pullback gives you a moment to reflect; every market breakout is a reward for those who hold firm. Looking back at today's movement, Bitcoin stabilized after dipping to the low of 110811 in the early morning, and then rebounded, reaching a high of 113318 in the afternoon, and then surged again to around 113429 in the evening.

From a four-hour perspective, the candlestick chart shows a step-like upward trend, but encountered resistance in the high point area today and fell back, reversing the trend to bearish and consecutively closing with bearish candles. On the hourly structure, the price is in a range-bound state and is gradually converging toward the middle band area. In the MACD indicator, the DIF and DEA lines have started to intertwine downward, indicating that short-term momentum has weakened.

The operational suggestion is to buy near the pullback to 112200-111800, with a target of 113400-114000; if it breaks through, continue to look upwards!

(For aggressive traders, consider buying near the current price of 112400)$BTC