The descending trendline of BTC here tends to favor the one with more touches above for judgment. Currently, there is still some space before it reaches this trendline.
It can be seen that a descending channel has formed here, or an expanding/converging wedge; in most cases, such patterns belong to bullish formations.
The support at 115.5k-116k is expected to be retested below, with long positions entering after stabilization at this price, targeting 118k and 119k. $BTC #ETH巨鲸增持