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Looking back at yesterday's Bitcoin market performance, since early morning, the price of Bitcoin has entered a continuous rise mode. However, during the midday to evening period, although there were varying degrees of pullback, the continuation of the pullback was relatively weak.
As of now, although the Bitcoin price has shown a decline from midnight to morning, the strength of this decline is clearly weak. The current coin price is running above the midline of the four-hour K-line chart.
From a technical analysis perspective, $113,000 has become a crucial support level for Bitcoin in recent times. If the Bitcoin price can stabilize at this level and successfully break through $116,000, a rebound in the Bitcoin price in the short term is to be expected; conversely, if the Bitcoin price unfortunately falls below $111,000, it is highly likely to trigger panic selling, at which point the price may approach the $100,000 mark.
In summary, today Lixiang still maintains a bullish outlook after a slight decline in Bitcoin prices.
The specific operational suggestion is to consider placing a long position around 114200, with an initial target price of 115800, and further aiming for 116500.