#BTC

BTC Analysis:

What do the brothers think about the big cake now? It feels like there are fewer and fewer people who are bearish, and with the liquidity for shorting this wave being even less, more people are accepting the result that BTC will surge to 120,000!

In terms of trends: Looking at the small-scale charts of the big cake, the resistance level before the new high has not been broken, and it has failed twice in testing. The current market is also following a downward trend, but it cannot be determined that the overall direction is downward; some validation is needed to decide.

Pay attention to the current high resistance line at 110,000 above, and keep an eye on the support around 106,800 below. If this drop breaks that position, the probability of further decline to around 100,000 will greatly increase!