Yesterday's market analysis showed that Bitcoin rose last night, peaking at the 116,000 mark before stopping. There is still strong resistance above. As time goes on, the intraday pullback reached around 112,100, with an overall decline of over 4,000 points. It is evident that for the price to break through, it still needs time to convert space. Yesterday, we were bullish, perfectly closing at the 116,000 position.

Currently, the four-hour level is showing an upward opening. After reaching the upper track yesterday, there were three consecutive bearish candles, and now it is starting to slowly rise and retrace. If the volume is sufficient, the price may return to the 116,000 mark after the evening session. As for whether it will continue to break through to new highs, it depends on the situation at that time. If it can stabilize and close above, then the current target remains at 116,000.

For the day, you can directly look bullish at the current price of 113,000. The target is 116,000, and if it breaks through, we will look at 117,500. The points are for reference only.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value. Free trading teaching is shared, bringing stability and clear guidance in the restless trading market, traversing three rounds of bull and bear markets and years of practical trading experience. Proficient in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, gathering into unique personal insights.

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