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Market Analysis Thoughts at 9:30 AM:
The current Bitcoin continues its rebound and recovery trend, entering a downward channel after reaching the level of 111700.
The four-hour chart shows that after a large bullish candle was formed, the price rebounded from the bottom and directly broke through the upper band, indicating that there is support at the bottom, but the pullback momentum still needs to be observed.
Operation recommendations;
Bitcoin: It is recommended to place short positions in the range of 111500-112000, targeting 109000-110000.
Two Pancakes: It is recommended to lay out short positions in the range of 4350-4450, with a target looking towards 4200-4270. #Gate 新上线 WLFI