What is the intention behind the rapid drop? Is there still a new high to come?
BTC: After the big coin once again attempted to hit a historical new high, a significant drop occurred.
Moreover, there hasn't been a single retracement pattern on the daily level; the current market has come close to previous lows. It is essential to closely monitor whether the current position of the big coin will lead to new lows. If new lows occur, any subsequent rises will be considered retracement movements and should not be viewed as attempts to break new highs.
The current bottom of the big coin is important.
The critical support level is "112200," while the resistance level above is "117200."
The short-term resistance level is "114800."
Focus on key positions, indicators, or structural information for trading decisions.
