Crypto world Coin Mr.: 8.7 Bitcoin (BTC) market analysis reference;

Bitcoin's intraday performance continues to be in a range consolidation. After the price retraced to around 113300 in the afternoon, it rebounded. Currently, the trend has broken through the 115000 resistance area, with slight upward movement as it approaches the high of around 115700. The intraday increase is nearly 2000 points. Overall bullish sentiment has somewhat recovered, and the downtrend has been temporarily suppressed. If the price can stabilize at 116000, it is expected that the market may break through the key resistance of the daily Bollinger middle line and return to an upward rhythm. I hope all crypto friends are prepared in advance. Conversely, if the upward momentum cannot be sustained, there is a possibility of a pullback to the 114000 support level.

In the short-term hourly view, due to the market breaking the short-term resistance, bullish sentiment during the day has warmed up somewhat. However, the key position above has not broken the daily Bollinger middle axis resistance, so the overall trend is expected to remain in a tug-of-war between bulls and bears in the short term. The market is entering a high-level consolidation area, so it is recommended to buy low at high positions in operations. Pay attention to the resistance at the 116600 line above and the support at the 113500 line below.

8.7 Bitcoin market analysis reference;

Short at the range of 115800-116801, defend at 118500, stop loss 500, target below 114500.

Test the range of 112600-113600, defend and add positions at 110500, set a stop loss of 500 points, target above 114400 #PI# #BTC# #ETH# .