URPD data shows that as of today, 351,000 BTC have changed hands in the range of $112,000 to $114,000, an increase of 80,000 from August 3, some of which came from selling by trapped positions above. However, there are still 1.1 million BTC accumulated in area A, with $116,000 to $117,000 being a key resistance.

Before breaking through, BTC may pull back to $112,000; the ideal situation is to consolidate in the range of $112,000 to $116,000, absorbing chips and building consensus, in order to gather strength for the next breakout. #BTC