The Bitcoin market has shown strong performance recently, having surged to a high of 115,600 last night, and is currently in a phase of consolidation. Although there was a slight pullback to 114,700 in the early hours, the decline is limited, reflecting that the current market's long positions still dominate.



From a technical perspective, the MACD indicator is signaling positive signs. If the green bars shorten and turn into red bars, it will further confirm the strengthening of long positions. Meanwhile, if the KDJ indicator can form a golden cross and show an upward divergence trend, it will again validate the relative weakness of bearish forces.

Based on the current market situation, investors may consider looking for long positions in the range of 114,500 to 114,000. The short-term target can initially be set at 116,000, and if this level is broken, there is a chance to continue the attack towards the vicinity of 118,000.

However, it is worth noting that the cryptocurrency market has always been highly volatile, and investors should carefully assess risks before making any decisions, formulating appropriate trading strategies based on their own risk tolerance and investment goals. Additionally, continuously monitoring market dynamics, global macroeconomic conditions, and changes in regulatory policies is also key to grasping market trends.
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NonFungibleDegenvip
· 08-07 02:41
finna ape in at 114k ser... probably nothing
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MissedAirdropAgainvip
· 08-07 02:33
bull beer bull beer bullishing
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SellLowExpertvip
· 08-07 02:21
Thanks to搬砖, I've been playing people for suckers for a year and I'm still at it.
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