Recently, the Bitcoin market has shown a typical consolidation pattern. Daytime trading is relatively stable, while the night market has experienced a slight pullback, followed by continued fluctuations. Nevertheless, the overall market trend seems to be leaning upwards.



Currently, the support range of 115800 to 116300 remains strong, providing confidence for the bulls. Before this key level is breached, the risk of shorting is relatively high. Therefore, a wise strategy is to look for long opportunities near this range.

In the short term, market participants should closely monitor the important resistance level of 118500. If this level can be broken, it may trigger a new round of increases. However, investors still need to be cautious, closely observe market changes, and adjust their strategies in a timely manner.

Overall, the current Bitcoin market, although volatile, still shows positive signals. Investors should remain vigilant while also seizing potential opportunities.
BTC-2.45%
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CommunityJanitorvip
· 13h ago
The bear's confidence should have collapsed by now.
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DEXRobinHoodvip
· 08-09 19:50
The bearish ones should disperse...
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MintMastervip
· 08-09 19:48
This rise is not enough to fill the gaps between teeth.
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Frontrunnervip
· 08-09 19:40
short positions doomed
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