Bitcoin market review and today's trend analysis and trading suggestions



Looking back at yesterday's Bitcoin market performance, since the early morning, the price of Bitcoin has entered a continuous upward trend. However, during the afternoon to evening period, although there were varying degrees of pullback, the continuation of the pullback was relatively weak.

As of now, although the price of Bitcoin has shown a downward trend from early morning to the morning, the intensity of the decline is noticeably weak. The current coin price is running above the middle line of the four-hour candlestick chart.

From a technical perspective, $113,000 has become a crucial support level for Bitcoin recently. If the Bitcoin price can stabilize at this level and successfully break through $116,000, then a rebound in the Bitcoin price in the short term is worth looking forward to; on the contrary, if the Bitcoin price unfortunately falls below $111,000, it is highly likely to trigger panic selling, and the price may approach the $100,000 mark.

Based on the above viewpoints, today Lixiang still maintains a bullish outlook after a slight decline in Bitcoin prices.
The specific operational suggestion is to place long orders around 114200, with the initial target price looking at 115800, and further up to 116500.
#BTC# #ETH#
BTC-2.45%
ETH-0.44%
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