8.1 Afternoon Thought Analysis
The morning market fell to a low of 114200 and stabilized, then rebounded to 116000, currently oscillating around 115000.
From a technical perspective, the daily K-line shows a bearish incremental state, closing with a bullish candle with a lower shadow; the four-hour level is also in a bearish increment, leaving a bullish candle with a shadow; the hourly level shows a decrease in bearish volume, presenting an oscillating upward trend. Overall, there still exists upper pressure in the short term, maintaining an oscillating pattern.
Operation Suggestions
Bitcoin: Buy around 114800, target 116000