Bitcoin Trend Analysis Today

Latest BTC Market Analysis
Bitcoin is currently priced at 112,300, with the daily high at 114,800. This reminds us that the overall bearish trend continues. Key support levels currently focus on the lower Bollinger Band at 111,000 on the daily chart and the EMA90 trend support at 111,400. For the remainder of this week, there’s a high probability of consolidation between 110,000 and 114,000. The 4-hour K-line has reached the bottom support at 112,000. The MACD is trending downwards. If it fails to hold 112,000, it could potentially hit the 110,000 mark. For now, the strategy is to focus on short positions. Once support levels are validated, consider a long position.

Short-term long position at 112,000

Short position at 114,500