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9.30 Bitcoin analysis
The small-level trend of Bitcoin has successfully stood above the 114,000 mark, and this morning it has directly recovered the daily MA120 moving average, signaling a clear bull counterattack, which also means that the pullback market that started from 118,000 has officially come to an end.
From the current market structure, it is highly likely that the subsequent market will enter a convergence and fluctuation stage. In terms of operations, attention can be focused on the following ranges:
- Short position strategy: Layout in the range of 115300-115800, target looking towards 114000-113500.