Trend Analysis: The price of Bitcoin shows a certain upward trend on the one-hour chart, forming a short-term ascending channel, indicating that short-term bullish strength is dominant. Support level: The main support level for the one-hour Bitcoin K-line chart is around 111,500. The first major support level is around 110,500. The next support level is around 110,000. Resistance level: The direct resistance level in the upward direction is around 112,500. The first key resistance level is around 112,800. The next resistance level may be 113,450 Operation Strategy: Pull back to 110500 to go long, with a stop at 111500. Looking bullish above 110000, first target is 112500.
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midday thoughts:
Trend Analysis: The price of Bitcoin shows a certain upward trend on the one-hour chart, forming a short-term ascending channel, indicating that short-term bullish strength is dominant.
Support level:
The main support level for the one-hour Bitcoin K-line chart is around 111,500.
The first major support level is around 110,500.
The next support level is around 110,000.
Resistance level:
The direct resistance level in the upward direction is around 112,500.
The first key resistance level is around 112,800.
The next resistance level may be 113,450
Operation Strategy:
Pull back to 110500 to go long, with a stop at 111500.
Looking bullish above 110000, first target is 112500.