The current price structure of $BTC is very similar to its behavior during the trade war, where the price is blocked near the average resistance level;

Previously, the price accumulated with 3 tests in the average support zone, and ultimately due to the bearish divergence in downward momentum, it failed to drop and gradually stabilized and rebounded;

The same logic can now be applied to the current bullish trend, where the price has already conducted 2 tests against the average resistance zone...

If there are future tests, the target will be at the lower edge of the average resistance zone, around 114700.

Since the strong bullish trend on the daily chart has ended, the channel indicates that it currently belongs to a large range oscillation structure, so here I expect that after the daily price breaks a new high once more, if the same bullish divergence appears, then the next step will be a retracement and oscillation...

Interestingly, there is a large amount of long-term bearish liquidity around 114700. If it can touch this level, it would be considered a standard top divergence + liquidity grab...