9.8 Early Morning Analysis
Currently, on the 4-hour chart, Bitcoin continues to oscillate above 111,000, with significant resistance in the 112,000-113,000 pressure zone. The upper Bollinger Band resistance is clear, and multiple attempts to break through have failed, indicating weak momentum.
On the 1-hour chart, after a short-term rebound reaches the upper Bollinger Band, the MACD red bars significantly shorten, indicating a rapid decline in momentum. Moreover, the rebound volume is insufficient, showing a stark contrast to the previous decline in volume, making it difficult to support an
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