This morning, we will analyze the latest trend of Bitcoin. Although yesterday's closing showed a Bearish line, it is worth noting that the price did not fall below the key support level of $11.8. This indicates that the current pullback is still within a controllable range and there has been no substantial breakdown. As long as this support level can be maintained, we remain cautiously optimistic about the future market.

From the four-hour timeframe, although there is an overall downtrend, we have observed a positive signal: the price lows are gradually moving higher, with yesterday's low reaching 11.25 dollars. In terms of technical indicators, the MACD is showing an upward trend below the zero line, and the KDJ three lines also show signs of turning upwards. However, the current price is still under pressure from the middle band of the Bollinger Bands, which is a key point that requires close attention.

Shortening to a one-hour cycle, we find that the MACD indicator shows that bearish strength is weakening. Although the bulls seem to have the upper hand in the short term, the current price of $11.39 has not effectively broken through the important resistance level of $11.4. Therefore, day traders should focus on this key price level. If a successful breakout occurs, a long position may be considered in the trend; if it fails to break through, a pullback correction may occur.

Based on the above analysis, we propose the following operational suggestions:
1. If the price of Bitcoin breaks through $11.4, consider opening a long position, with a target price set at $11.52.
2. If it fails to break through 11.4 USD, look for long entry opportunities near 11.3 USD, with a target range of 11.4-11.52 USD.

Please note that the cryptocurrency market is highly volatile, and investors must operate with caution and manage risks appropriately.