Morning thoughts for Monday, the 8th.

After breaking down to the 1 point level early yesterday morning, Bitcoin began to rebound, slowly rising all the way up to above the 114,000 point level so far. It seems to have stabilized above 114,000 for now, but the subsequent momentum is somewhat lacking, starting to pull back to accumulate energy for another upward push.
From the 1-hour K-line of Bitcoin, it can be seen that the Bitcoin price has been running upwards along the upper track of the Bollinger Bands. After spiking to around 114,700 points in the early morning, it began to retrace. The price has started to move down from the vicinity of the upper track of the Bollinger Bands and is currently below it, with a downward trend. However, the overall trend is still mainly bullish.
The 111900 level should be the current low point. Today, we will see how the support at 113500 holds up. The overall strategy today is to focus on buying low, but if there is significant resistance above, we can go long and then switch to short after.
Morning operation suggestions
Go long between 113200 and 113700, aiming for 115500. If it breaks, continue to look at 116500. If it doesn't break, you can reverse and go short.