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The BTC 4-hour candlestick that closed at 8 AM is looking pretty good.
After hitting the previous round's high, a solid 4-hour engulfing bullish candle was triggered. This indicates that the bulls have the intention of supporting at 112k.
Next, observe the daily closing at 8 AM tomorrow to see if the bulls can continue to defend the 112k position.
Long positions can also be entered around this price, targeting 114k, 114.7k, and 116k.