Today's Noon Bitcoin Analysis:

From the current market perspective, the 4-hour level shows that the market is located below the middle track, within the range of the lower and middle tracks of the Bollinger Bands. The distance between the upper and lower tracks is narrowing, and the Bollinger Bands are showing a slight convergence pattern, indicating reduced short-term volatility. The market has stopped declining after approaching previous lows, with support around 110,000 showing some resilience, suggesting that we are currently in a stage of consolidation before a rebound, with intensified battles between bulls and bears. Currently, the bullish force is somewhat weak, with bearish candlestick bodies dominating, and the bearish force still leading the short-term trend. However, the long lower shadow has weakened the downward momentum, limiting the space for further declines. Short-term operation suggestions favor low buy positions; as long as it does not break below 110,000, the strategy can lean bullish.

It is recommended to target Bitcoin around 110000-110200, with a goal of 112000. #加密市场回调 $BTC