From a technical perspective, the current hourly chart shows a clear bullish recovery signal:

1. Price Structure:

- An effective "higher lows" bullish pattern has formed

- Recently, there have been consecutive bullish closes with expanding bodies, indicating that buying momentum is gathering

- The short-term downtrend line has been broken and turned into support

2. Key Position Observation:

- There is a previous high resistance level near 119500 above

- A new support platform is being built between 117500-117900 below

- Special attention should be paid to the changes in trading volume as validation for the breakout

3. Suggested Trading Strategy:

Consider placing long positions in the support range of 117500-117900 during the day. If there is an effective breakout of the 119500 resistance level, it may open up greater upward space. It is important to note that if the price falls below the 117000 support level, the trend should be reassessed. #BTC再创新高