0805 Bitcoin market report 📣

The price of Bitcoin is showing a strong rebound under the dual drive of technical oversold rebound and policy expectation repair. In the short term, attention should be paid to the effectiveness or sustainability of the breakthrough of the psychological barrier of $115,000.

The current price is approximately $114,660, continuing the wide fluctuation pattern. During the day, the price once reached the short-term resistance level of $115,800, and then quickly fell back under macroeconomic uncertainty, with the daily line showing a long upper shadow, indicating strong contention at both the $115,000 resistance and the $113,000 support. The short-term market exhibits a dual characteristic of institutional fund reallocation and rotational exchange. There is a dense selling pressure zone at $116,800 (50-period S-MA)) and $117,000 (previous dynamic support or the lower edge of the fluctuation range), and breaking through may require an increase in trading volume to over $60 billion. If it stabilizes above $115,500, it may accelerate to the short-term target of $118,500 (high neckline). Conversely, if it falls back and continues to suppress $114,600 (below MA-100)), it may retest the $112,000 support zone. Extra attention should be paid to the emergence of market catalysts and ET-F fund flows. If fund inflows continue and implied volatility decreases, the market may restart the low-buying rhythm, with $120,000 again becoming a short-term price attraction point (returning to $120,000).

✅✅Trading Suggestions: 1. Consider high selling and low buying in the range of $113,100 to $115,700, relying on $114,600 as the central pivot point. 2. If the price stabilizes at $115,300 and breaks through the resistance of $115,850, you may follow up with long positions, targeting $116,800. 3. If the price unexpectedly falls below $113,000 and fills the lower shadow, consider a light short position near $114,500, targeting $110,300.

Special Reminder: This article is for reference only and should not be used as an investment basis!!!📣📣