BTC Four-Hour Analysis

Current Price Long

1. Overall Trend

The current BTC/USDT quote is around 113,500, with an intraday decline of about -1.7%.

From the four-hour perspective, the candlestick has continuously retraced and is near the lower Bollinger Band, showing signs of short-term overselling.

2. Support and Resistance

Key support level below: 112,500 (today's low and close to previous platform support).

If it breaks, it may continue to test the 111,500 - 111,000 range.

Resistance level above: 115,000 - 115,800 (Bollinger middle band & previous dense trading area).

If it stabilizes above 113,000 and rebounds, there is a chance to hit around 116,000 in the short term.

3. Indicator Reference

MACD: DIF and DEA have crossed downwards, green bars continue, but momentum has shortened, indicating that bearish strength is gradually weakening.

BIAS: The short-term deviation rate is at a low level, suggesting potential momentum for a rebound from overselling in the market.

Operational Suggestions

Long Position Strategy:

You can try to take a light long position in the 112,800 - 113,200 range, with a stop loss below 112,200, targeting initially 114,800 - 115,500.

Short Position Strategy:

If it rebounds to 115,500 - 115,800 and faces resistance, consider a high short, targeting a return to 113,500 - 112,800.