BTC is about to reach 120~~ considered a price within expectations~~
Today's market shows a 2-hour return to the zero axis rebound~~ from a structural perspective~·
The market is strong~~
But the MACD's energy bars did not correspondingly release the green bars~~
If it cannot form a non-divergent pattern~~ then there is a possibility of returning to the zero axis in 2 hours~·
Zero axis price around 116156~·
Looking at higher timeframes~~ the bullish trend is clear~~
What needs to be cautious is the high-level pullback on the 4-hour chart~~
Intraday support: 118200 117954 -117550 116490-116154
Extreme market conditions (breakdown): 114156 113722 112642
The current price is already high~~ no matter what, the risk of chasing high is very great~~ unless there is a significant pullback~~
Only then is there an opportunity to enter~~ more depends on whether Bitcoin can consolidate~~ to give other altcoins room to perform~~
Once Bitcoin pulls back~~ other altcoins are likely to turn red~~
