AChenYunan
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Morning analysis of mainstream thinking



The Bitcoin price has reached high points at both the one-hour and two-hour levels, and if it does not continue, the outlook is bearish. If the current one-hour level continues to break through, then protect the four-hour position at 114341, which means that the entire rebound from 73000 to the current position will have completely ended. Bulls should not get too carried away! Although the MACD is still in the bullish zone, the divergence between the DIF and the price has become excessively amplified, and the risk of a top divergence has become apparent. The short-term moving average divergence has broken the threshold, indicating a demand for technical correction and driving the expectation of a pullback. The key resistance level of 112000 has not effectively stabilized; if it is subsequently lost, the first pullback target can be seen at 108500.

Operation Suggestions
The target range for Bitcoin is between 111900-112400, looking at the range of 108500-109000.
Auntie, target the 2690-2710 range in the 2800-2820 interval.
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