Jin Yang Morning Thought Analysis

Last night, the market for Bitcoin showed strong performance, with the price starting from the 114,600 level and oscillating upward, reaching a high of 116,900. The bullish momentum is showing a concentrated release trend.

Technical analysis indicates that the Bollinger Bands on the hourly chart are continuously expanding, with the upper, middle, and lower bands diverging upward simultaneously, clearly confirming that the short-term market has entered a strong upward cycle. At the same time, the trading volume has effectively increased alongside the price, providing ample support for the subsequent market movement and further opening up upward space.

Operational Suggestions

Buy Bitcoin above 116000, with a target looking bullish towards the vicinity of 117300. If it breaks through, look for 118100#山寨季将至？ #现货黄金创历史新高 .