#BTC

BTC Market Analysis:

The Bitcoin experienced a short-term rebound yesterday, with resistance around 115800. Overall, this was quite expected and coincided with the pressure range given in yesterday's analysis. Even the short position at 115500 would have yielded nearly 1500 points of profit!

In terms of trend: The overall strength of the rebound here is not very strong. Continue to watch for signs of accelerated decline. The short-term support to focus on below is the 112k level! If this support is breached again, it is very likely to enter a downward trend. The best expectation at the moment is to form a sideways consolidation range here again!