8.2 Market Analysis
The daily chart shows that there have been three consecutive days of bearish closes. In the 4-hour cycle, the current candlestick is in a low-level consolidation state, and the previous candlesticks have long upper shadows and small bodies, indicating that both bulls and bears are fiercely contesting at this level.
In the 4-hour level, both DIF and DEA are below the zero axis, and no obvious turning points have been observed, indicating signs of weakening bearish strength.
Operating Suggestions
Bitcoin: Buy near 113400, target 114500