9.4 Evening BTC Analysis

The price of Bitcoin has bottomed out at 107000 and stopped falling. As time goes by, the price has rebounded near 112500 and then declined. During this period, we were bullish on the lower levels, overcoming obstacles along the way and reaping the rewards. Currently, the trend has entered a phase of oscillation and consolidation.

The four small-level K-line is oscillating downwards, now rebounding from the bottom, showing signs of further oscillation and upward movement. Yesterday's price rebounded and recovered the first step, forming a V reversal. Now, the decline may continue to rebound and recover the second step, so we are bullish on the decline near 110200-110400 tonight, aiming for around 113500. #BTC☀ $BTC