8.3 Evening Thought Analysis
The 4-hour chart of Bitcoin shows that the market is currently in a tentative rebound phase, but the rebound momentum is weak and has not effectively broken through the middle band of the Bollinger Bands.
Combining the MACD and Bollinger Bands indicators, the current rebound has not yet formed a trend reversal signal, and there remains the possibility of continuing the downward trend. However, for afternoon operations, there is still room to capitalize on the rebound rhythm in the short term, with certain upward space available for capture.
Operational Suggestions
Bitcoin: Buy around 113500, target 116000