#BTC has broken through the triangle pattern and continues to rise! 🔥

Although the Asian session showed strong gains, the European and American markets saw some profit-taking, which prevented stronger upward momentum. As long as the key level of $116,817 is maintained, the upward momentum remains 💪.

Now everyone is focused on the US CPI data. If the data exceeds expectations, it may dampen market expectations for interest rate cuts this year 📉. However, overall, as we enter the off-season, the gains may not be particularly strong, but rather steadily and slowly moving upwards.

Matrixport also mentioned that funds are continuously flowing into the crypto market, and patient friends may see good returns by the end of the year ✨. The key point is $116,817, with support levels at $111,944 and $106,000 below. In the short term, both buyers and sellers are quite active. The next target is set at $122,282; whether we can break through that, we'll have to wait and see!

In summary, Bitcoin's trend is bullish, but risks still exist. Steady and cautious trading without impulsive buying or selling is the way to go 😉.