BTC Afternoon Observation and Afternoon Strategy: Multi-dimensional Positive Outlook, Cautiously Seize Upward Opportunities

During the afternoon session, BTC's technical indicators are releasing positive signals, currently in the key construction period of the "Inverted Head and Shoulders" bottom reversal pattern, with price lows continuing to rise, and a short-term upward trend has initially formed, leading to an overall optimistic trajectory.

Currently, prices are fluctuating around 112500 dollars, with the 50-day Exponential Moving Average (EMA) providing solid dynamic support, effectively absorbing downward selling pressure. Among them, 113378 dollars is a key neckline, and if an effective breakout can be achieved, according to technical logic, it is expected to open up upward space, moving towards the 120000 dollar integer mark.

Capital and on-chain data are synchronously positive. Institutional funds are continuously flowing in through channels like spot ETFs, and professional investment institutions have not exited on a large scale; instead, they are accumulating positions during fluctuations, solidifying the buyer's foundation for the market. On-chain data shows that long-term holders ("diamond hands") have stable holdings, are confident in BTC's long-term value, and have firm positions, reducing selling pressure from the supply side and strengthening bottom support.

There is also macro and industry support. The market generally expects that the Federal Reserve may shift towards interest rate cuts in the future, which is favorable for non-yielding assets like BTC, as it can reduce the opportunity cost of holding. At the same time, BTC's fourth halving has taken place, and historical data shows that halving results in a reduction of new coin supply, often gradually causing supply-demand imbalances, providing long-term momentum for price increases. In addition, large asset management companies are advancing the spot ETF process, continuously strengthening expectations of new capital inflows, injecting vitality into the market.

Overall, in the afternoon, it is suggested to selectively go long in the range of 111200-110600 dollars, with a short-term target of 112200-113000 dollars. If the key level is broken, it can further look towards around 115000 dollars. When operating, it is necessary to control positions, pay attention to the effectiveness of the neckline breakout, and balance opportunity seizing with risk prevention. #BTC走势分析