#BTC
BTC Daily Chart:
In the past two weeks, Bitcoin has repeatedly oscillated and consolidated within the range of 116,000 to 120,000 on the daily chart.
From a technical perspective, although its MACD indicator has formed a death cross above the zero line, the direct likelihood of breaking below the zero line to form a death cross downward is relatively low due to the significant distance from the zero line below.
Based on this analysis, Bitcoin is likely to maintain a narrow range of oscillation in the short term. During the pullback, the price level of 116,000 remains a key point of focus.
Once Bitcoin completes its adjustment and accumulates strength, it is highly likely to attempt another challenge towards the 120,000 mark.
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