At midnight, BTC made a strong push upward, reaching a high of around 114700, then it faced pressure and fell back to around 114000, and then rebounded again to around 117900.


In the current market, BTC is in a high-level consolidation. The daily line on Sunday closed with a solid bullish candle, breaking the consecutive bearish trend, but the trading volume has shrunk and diverges from the price, indicating the market is in a correction phase, and a breakthrough is needed to confirm the trend reversal. On the four-hour level, the market has nearly risen with consecutive bullish candles, while minor bearish candles release short-selling sentiment. The current price has broken through and stabilized above the mid-line, with bullish momentum not diminished. In the future market, it is advisable to go long at lower levels to continue the bullish trend.
Trading suggestion: BTC pullback to around 114000 - 113500 to go long, target 115800 - 116800.
BTC0.69%
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