Bitcoin is still running in the downward channel. At present, the price is suppressed by the upper edge of the downward channel. The support level below can refer to 118800. If the hourly level falls back and does not break this position, the market will continue to rush to the upper pressure level near 119500. If this position is broken, the price will not run in the channel. I personally think that the second round of Bitcoin's rise may begin. The upper pressure level is around 121000-123300. After breaking through, it can go to around 126000-130000.
If it breaks through, the attention of the market may be refocused on Bitcoin, Ethereum will enter a sideways adjustment, and the cottage may continue to rise synchronously (except for the Ethereum ecosystem). Therefore, you can pay attention to SOL currencies, and long-term positions can continue to be held.
If the hourly level falls below 118800, the price continues to run in the channel, and the above view is invalid. The support level below is around 117800-116500-115700. $BTC