The voices watching 110k have quieted down again; a recovery after a sharp decline is inevitable. In a bull market, there are many traps, so don't be scared by small pitfalls.

BTC 1H/4H level, after multiple rounds of downward divergence yesterday, it has reached a low point, but the moving averages are in a bearish arrangement, and the pullback is limited, likely resulting in fluctuations.

At the position of 114k, it is difficult for the price to sustain rises and falls, with resistance in the area where the high and low points of the downward structure intersect, as well as near important downward moving averages;

Support is near the divergence neckline, previous lows, and the proximity of larger bullish moving averages. The larger bullish trend remains, and long-term moving averages and candlestick patterns provide support.

Intraday retracement to the 113.3k-114k line for buying, with targets at 115k, 116k, and 117.5k. $BTC $ETH #币安Alpha上新