The SL 112k isn't something you can just touch whenever, pump it up strong.

📊 Analysis and trends of BTC 20/8 🔥

- Support zone :

• The chart shows that BTC has touched the strong support zone of 112k – 113k and bounced back.
• This is the nearest bottom area, playing an important role in maintaining the medium-term uptrend.

- Resistance zone :

The marked resistance levels:

• 115.4k
• 116.5k
• 117.7k
• Strong resistance: 120k, where strong profit-taking pressure may appear.

- Price trend :

• The upward trendline from the bottom (white) indicates that BTC is forming a series of higher lows.
• The drawn scenario: the price will rhythmically test each small resistance, then move towards the 119k – 120k region.
• If it surpasses 120k, BTC could gain strong upward momentum towards the old ath of 124k, and then continue aiming for a new ath of 125k - 130k.

- Trading strategy :

• Entry : 113kxx - 113k3xx
• SL : 112k
• TP : According to the resistance levels I provided.

- Conclusion :
• BTC has completed its corrective wave and is regaining upward momentum.
• As long as it holds above 112k – 113k, the main trend remains upward.
• The short-term target is aimed at 115k – 117k, and medium-term is 120k.

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