Looking back at the morning, BTC rebounded to the 117400 level, but was unable to maintain the upward momentum, and soon fell back to oscillate around 116800.
From a technical structure perspective, in the daily chart of BTC, bulls continue to increase their volume, and the Bollinger Bands currently show an upward technical change in both the middle and upper bands. The bulls are strongly resonating and increasing in volume, and the short-term bullish momentum has not ended. In the four-hour chart, the running channel has formed an upward opening state, and the high-level box oscillation has been broken by the bulls. The price is operating near the middle band, with bullish volume showing a strong arrangement, and the moving averages consistently extend upwards. In the short cycle rhythm, it has already leaned towards bullish, and although there are pullbacks in the short-term, they are also showing weakness. In the afternoon strategy, we focus on buying on dips.
Operation Suggestions
Buy BTC around 116800-116600, with a target looking at around 118000.
Long near 4530-4510, with a target looking up around 4650.