8.6 Afternoon Analysis and Suggestions



The morning market is falling unilaterally. Bitcoin peaked at 114200 before retreating, stabilizing at 113400.

Current market situation: The 4-hour level shows range-bound fluctuations, with prices below the middle track. In the short term, it is biased towards a downward fluctuation, with strong resistance at the middle track. A breakout above 114000 would signal a short-term bullish trend. The 1-hour level indicates a tug-of-war between bulls and bears, with MACD showing a weakening of bearish momentum and some rebound energy, but no dominant bullish trend has formed yet. The subsequent strategy is to go short.

Short near 113700-114200, target looking at 112000 #BTC#
BTC1.4%
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