Bitcoin has fallen from around 119,000 to around 112,500. It has dropped nearly 6,500 points. Additionally, it has broken through the downward oscillation channel.

Currently, it is continuously oscillating around the lower boundary of the downward channel. The transformation point between resistance and support at 112,000 is just around the corner. The rebound watershed is around 116,000; if it cannot break through, this round of increase will completely end. Conversely, the overall bullish situation has not changed significantly. It remains a rhythm of rising and then retracing to previous high points. Therefore, in the short term, we can focus on the 112,000 point for a potential oversold rebound, with particular attention to the area around 116,000.

112,000-112,500 watch for an upward move towards 115,300 and 116,000 #加密市场回调 #美国加征关税 $BTC