Current BTC Analysis: 🔥🔥
After several days of consecutive gains, Bitcoin encountered resistance at the 112000 level today and has started a short-term pullback trend. From the charts, the key support is formed at the lower level of 110000. If the price touches this level and shows signs of a reversal (such as a long lower shadow, bullish candlestick, etc.), it can be seen as a short-term buying opportunity for bulls.
Today's Price Prediction: It is highly likely to maintain a range-bound movement between 110000 and 112000. It is advisable to look for high sell and low buy opportunities within this range — if there is a rebound near 112000, one can consider lightly shorting, and if it retraces to 110000 and stabilizes, then consider going long. Set stop losses outside the range by 300-500 points.
