#BTC Update
We broke directly below both L1 and L2, signaling the emergence of a bearish structure in the 1-hour and 4-hour charts, so we should be wary of a further pullback.
After breaking below L2 again, we added a long order of the same size, and therefore exited the long position near our cost price after the rebound.
If we can break through the blue turning point of 116,000, we have the potential for a further rebound. If the price can reclaim above 118,000 next Monday, we have a chance to continue the bullish trend. Otherwise, we should be wary of the risk of a further pullback. We should keep an eye on the next support level around 111,500.