#Bitcoin is attempting a new test of trend resistance by reaching $116,500.

A close below the short-term uptrend had occurred, followed by the liquidation of $112k.

After the liquidations were cleared, the price started to rise, and at this moment, $BTC is making new attempts to regain the trend.

Despite the loss of trend, I mentioned in the last video that we are still continuing all trades and will continue as long as $112k is maintained.

As long as $112k is maintained, the trend structure will remain positive. A breakout of the descending trend could provide a nice opportunity for new positions and risks.

Let's closely follow the breakout of the descending trend, friends ⏰