Bitcoin Morning Market Analysis
From the 4-hour chart, Bitcoin's price has stopped near the resistance level of 113500 after experiencing three consecutive bearish candles. The overall upward movement is not very strong, and the Bollinger Bands are currently in an opening state; from the 1-hour chart, there is an upward trend, gradually confirming the upward trend illustrated in yesterday's analysis. As long as Bitcoin's price continues to break through resistance levels, it is expected to enter a medium-term upward trend.
Trading Suggestion: Buy Bitcoin on a pullback near 111400-111800, with a stop loss at 110800, targeting the area around 113000-113500. If broken, look for the area around 114000-114500; if not broken, consider shorting.
