Recently, #BTC has been a bit tense, with the price dropping below $120,000 and short-term gains shrinking. On the charts, there are some bearish signs, and around $115,500 could become the next support.

Technically, Bitcoin has fallen below $118,000 and the 100-hour moving average, and the hourly chart shows that BTC has broken through a key descending channel, with support around $116,200.

If Bitcoin can regain the resistance zone above $118,500, the upward momentum may return, and there might be a chance for a rebound in the short term. #加密市场回调 $BTC