BTC, a symmetrical triangle has formed on the 4-hour candlestick chart, indicating that the price is in a converging state, with resistance around 119,000 and support around 116,000.
The MACD histogram remains negative but is gradually getting shorter, indicating that bullish strength is increasing. Although the overall trend is still not clear, the accumulation of bullish momentum is favorable for long positions.
It is recommended to buy around 117500, with a target of 119000; if it breaks through, look for 120000!
