BTC Analysis for the Evening of September 4th

The price of Bitcoin dipped to 107,000 and stopped falling. As time passed, the price rebounded to around 112,500 before retreating. During this period, we remained bullish on the downside, overcoming obstacles and reaping rewards. The current trend has entered a phase of consolidation.

The four smaller time frame candlesticks are showing a downward trend, but now they are rebounding. There is a tendency for continued upward movement. Yesterday, the price rebounded and reclaimed the first level, forming a V-shaped recovery. The current pullback may continue to rebound and reclaim the second level. Therefore, we are bullish on a pullback to around 110,200-110,400 this evening, with a target near 113,500.

Follow our public account, "How to Relieve Worries, Only Jiang Wei."

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。