A new week, starting with a direct collapse? Bitcoin started to drop early, currently breaking below the previous horizontal range's low support, with the current price supported at 115k. Let's see if it will continue to drop!

In terms of trends: Bitcoin's recent surge followed by a direct drop can be understood as a false breakout, while a drop occurred, digesting and adjusting within the previous oscillation range. Today, it has started to drop again, and the low support of the previous oscillation range has been broken. The next support level worth noting is around 112k! $BTC