Bitcoin started to decline on Monday after breaking down; this indicates that the current pullback has not yet finished. Don't rush to catch the top. The intraday rebound pressure is around the range of 116300-116800. At least this range needs to be broken for a chance to test the daily resistance at 118300 again. If the rebound does not break the pressure above this range, the market will continue to pull back. The lower target support is at 114200, and if broken, look for 112500-112000. This range is also a weekly level support. It's recommended to pay attention to long positions during the rebound within this range. $BTC
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