Thursday Bitcoin Auntie's Afternoon Market Analysis and Trading Suggestions
Yesterday, Bitcoin maintained a consolidation pattern, and this morning it strongly broke through the previous high to 112023, currently stabilizing at a high level with obvious upward pressure. After reaching a new high, be cautious about chasing the upward trend.
From the current perspective, the four-hour K-line pattern shows that there is selling pressure around 111500, and the MACD is above the zero axis, but the growth momentum is tending to flatten, with a slow trend change. For intra-day operations, it is recommended to be cautious when chasing long positions.
Trading Suggestions:
Bitcoin 111300-111600 range for long positions, target near 110000
Auntie 2780-2800 range for long positions, target near 2700