BTC has repeatedly tested the vicinity of $11,000 on an intraday basis and experienced 'spike' market conditions. The four-hour level shows that a clear support has formed in the range of $11,000–$11,200.

Last week, the market attempted multiple rebounds from the vicinity of $11,200 and tried to stabilize in the range of $11,600–$11,800, but only reached around $11,750 at its highest and failed to effectively break through and stabilize above the resistance level of $11,800, making the overall trend still relatively weak.

This week, attention should continue to be paid to the performance of resistance in the range of $11,600–$11,800. Only a strong breakthrough and stabilization above $11,850 can open up further upward movement towards the range of $12,000–$12,200.

In addition, the monthly candlestick for this month is about to close, and it is necessary to closely monitor whether the final rebound momentum can strengthen to confirm the sustainability of the short-term bullish momentum. $BTC #BTC