Last week, Bitcoin was significantly boosted by the interest rate cut, soaring to 117400. However, the market faced pressure and retreated, entering a fluctuating downward trend over the weekend. After a waterfall drop to 110500 in the early morning, it quickly rebounded, and the price is currently back around 112700, with overall volatility being quite large. Clearly, the positive impact of the news is temporary, and the market has returned to normal technical structure operation.
From the short-term trend, after hitting the 110000 area, it quickly rebounded, confirming that there is support below, and the support areas on the daily and 4-hour levels have not continued to decline, indicating a clear short-term rebound trend.
Monday morning operation suggestion: Bitcoin can be bought around 112000—112800, with targets looking at 115500, 117000$BTC #加密概念美股普涨
