#BTC

BTC Market Analysis:

The Bitcoin chart is currently in a sideways trend. The pressure at the upper level of 116 has not yet been broken through, and it feels like a breakthrough direction is about to emerge. Next, we can pay attention to the choice of breakthrough direction!

In terms of trend: The current trend is being suppressed by the four-hour EMA resistance line, and there have already been two failed breakouts. It seems like a third attempt is coming, so we can watch for a potential breakout. If it breaks through, the next resistance level is expected to appear around 118800! The short-term support below continues to focus on the 112k level!