Looking back at the daytime trend, Bitcoin experienced a strong dip after failing to effectively hold above the 111,000 USD level in the morning, which can be seen as an effective test of the support strength below. The key signal appeared at midday, where the price did not continue to fall after dipping to a low of 107,800 USD, but instead quickly stabilized and formed a "V-shaped" rebound pattern. This clearly indicates that the buying support below 108,000 USD is very strong, and the market's long positions sentiment has not been crushed by this pullback.

From the current market perspective, the price has strongly rebounded to around $111,200, not only completely recovering the morning's fall but also positioning itself below the morning high of $112,000. $107,800 has become a new solid support level for the day. This successful dip and rebound has created a higher local low point, providing a more solid foundation for subsequent upward movements. The rebound from the low has exceeded $3,000, and both the speed and strength indicate that long positions' momentum is accelerating. The current price remains above $111,000, indicating that market sentiment has shifted from hesitation in the morning to positivity. Currently, the bullish momentum is strong, and effectively breaking through and holding above the $112,000 mark is highly probable. Once successfully breached, the technical resistance above will significantly weaken, with the next target directly pointing to $115,000 and even the historical high area.
#比特币行情分析 $BTC
In terms of operational strategy, one should maintain a bullish outlook. The current range of 111,000-111,500 can be regarded as a new support zone. If the price can hold above 112,000 USD, it can be seen as a signal for the start of a new upward trend, and one might consider following the trend. The key defensive level below is seen around 109,500 USD.