In last night's trading, the Bitcoin price experienced a slight pump, briefly reaching around $115,700, with an increase of over 2,000 points. However, this rise did not last, and the market experienced a pullback this morning.



From the perspective of the daily candlestick chart, the price trend of Bitcoin remains in a range-bound oscillation pattern. It is worth noting that as the Bollinger Bands further open downwards, the market may show a bearish trend in the short term. Therefore, investors can adopt a bearish oscillation strategy in their future operations.

For specific trading advice, consider shorting near the high of $115,000, and if the price rebounds to $115,600, you can add to your position. Below, you can pay attention to two important support levels at $113,500 and $112,000.

Currently, the Bitcoin market seems to be in a stalemate, with investors waiting for a clear breakthrough signal. This oscillating pattern reflects the divergence among market participants regarding future trends, with both bullish optimism and bearish caution present.

In this market situation, investors need to remain vigilant and closely monitor market trends and various macro factors that may affect the price of Bitcoin. At the same time, attention should be paid to risk management, setting reasonable stop-loss levels to cope with potential large fluctuations.

Overall, the current Bitcoin market is at a critical turning point, and future trends may change rapidly due to unexpected events or significant news. Whether long-term investors or short-term traders, it is essential to remain calm and rational, making informed decisions based on individual investment strategies and risk tolerance.
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DeFiChefvip
· 7h ago
Let's wait for a breakthrough.
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CommunityJanitorvip
· 08-07 04:52
Still aim for victory while being stable.
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GateUser-4745f9cevip
· 08-07 04:52
The sideways fluctuations are over.
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SpeakWithHatOnvip
· 08-07 04:51
Shorting is making money
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GhostAddressHuntervip
· 08-07 04:48
Multiple lines need to be managed.
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MentalWealthHarvestervip
· 08-07 04:46
Working is the only way to make big money.
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ChainWanderingPoetvip
· 08-07 04:29
Another round of short order begins
View OriginalReply0
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