On the 4H timeframe, Bitcoin has once again reached a resistance level but has not broken through. The bearish trend from yesterday did not see a strong continuation, and the overall trend is skewed towards oscillating upwards, with both bulls and bears in a relatively balanced position.
Currently, there are two expected scenarios for the high-level adjustment:
1. A strong breakout above the resistance level, with the potential to reach around 117000.
2. Continued oscillation and adjustment, testing previous lows again before choosing a direction.
Personally, I lean towards the second scenario, continuing the oscillation.
Trading suggestion: Maintain yesterday's view without change, go short at the current price - 115300, with a stop loss at 116100 and a take profit around 112000.
