BTC Early Morning Highlights.
Let's discuss the trends of BTC in the early morning. Mu Xin is still bearish. Currently, BTC is in a fluctuating pattern. From a technical indicator perspective, the moving averages are in a bearish arrangement, which means the overall trend is still downward. Additionally, the current trading volume is underwhelming, further weakening its rebound strength.
There is currently a key resistance level at 115200, and we need to pay close attention to whether the subsequent trend can break through this position. If it cannot break through for an extended period, the bearish trend is likely to continue.
Now, let me give you some operational advice: around the range of 114800 - 115100, aim to look for levels near 114000 - 113600.
However, the market changes quickly, so everyone must remain vigilant while trading, set proper stop-losses, and manage risk effectively.