9.7 Bitcoin Strategy Analysis

Bitcoin's recent price fluctuations have been narrow, hovering around 110500 with a fluctuation range of only 300-500 points, and trading volume has correspondingly decreased, with market sentiment reaching a peak of caution.

However, this "no volatility" state does not indicate a halt in trend, but rather a buildup before a significant directional choice. From the daily candlestick structure, the long upper shadow bearish candle formed after the price surged the previous day has released a clear bearish signal. Additionally, the current market situation is showing a wave-like pullback with the mid-term moving average (middle track) acting as resistance, significantly increasing the probability of continued decline and deep adjustment.

BTC Recommendation: Around 111000 🈳 Target 109000

One must follow the trend, always maintain rationality, defend well, and never resist blindly! Wishing you all the best, grasp every wave of market movement, and we will continue to move forward together! #BTC走势分析