Today, BTC rebounded to $115,800 but faced resistance and fell back, currently oscillating around $115,600📉.
Looking at the market, after failing to rise, Bitcoin has been declining, with the four-hour K-line showing seven consecutive bearish candles, indicating a bearish trend. However, the four-hour MACD is intertwined with a death cross, and the short-term RSI is around 40, suggesting that the downward momentum is not very strong💡. A short-term rebound remains the main direction.
The market is relatively stable over the weekend, suitable for range trading, where both high selling and low buying can be attempted📊. The reference range is between $114,800 and $116,200, with support at $114,600 and resistance at $115,800 and $116,700. Consider adjusting strategies after a breakout.