Currently, Bitcoin is at the bottom of the range on the daily level, but it is still in an upward trend. However, I need to report the weak situation on the hourly level as well.

Hourly level: It has broken below the upward trend line on the four-hour level and the mid-position of the upward channel on the daily level. Both of these are strong support levels, and currently, they have broken down with a slight rebound, making the upper support clearly turn into resistance!

Latest trading strategy:

On the hourly level, it should not fall below around 117200, and on the daily level, it should not fall below 116000. The closer it gets to below 116000, the more we can go long, with the stop loss placed just below the breakdown point, offering a good risk-reward ratio.