Crypto world Mr. Coin: 8.6 Bitcoin (BTC) market analysis reference;

Bitcoin's bullish sentiment warmed up slightly yesterday, with the price briefly breaking the 115000 line before facing resistance. Subsequently, the price continued to pull back, and at present, it has retreated to the 114000 area. The intraday bullish sentiment has weakened, and the market has once again entered a range consolidation.
On the daily chart, although the price rebounded yesterday, the subsequent supply was insufficient, and the trend did not stabilize and rise. Currently, it is retreating again to the support below, with a rebound occurring at the low position of 112580. If the price cannot maintain a sustained rebound and break through yesterday's high resistance during the day, then it is expected that the oscillation and consolidation will continue for some time. Day trading can maintain high short and low long positions.
On the short-term hourly chart, the Bollinger Bands are in a contracted position, with prices under pressure and adjusting to run in the middle and lower band areas. The current price is fluctuating near the lower side of the Bollinger midline, with the short-term middle band resistance at the 114200 level. If it can break through and stabilize, the price is expected to return to the 115000 resistance area again. Conversely, if multiple attempts to break through are unsuccessful, it is anticipated that the price will retreat to the lower support area.
8.6 Bitcoin market analysis reference;
Short in the range of 115800-114801, defend at 117500, stop loss 500, target below 113500.
Test the position in the range of 112600-111600, defend at 110000 for averaging down, stop loss at 500 points, target above 113400 #PI #BTC #ETH