Affected by the US stock market, Bitcoin had a significant drop last night. However, the price did not fall too deeply. Instead, there was a lot of buying support, forming a potential bullish bottom structure on the 4-hour level. In the evening, we can pay attention to whether the bulls will continue to exert upward force, and whether they can ultimately stabilize above 1155. Only then is there hope for Bitcoin to continue to rise.
If the evening callback is too deep and does not stay above 115, and drops below 1128 afterwards. It is highly likely to maintain a downward oscillation rhythm. Pay attention to the major support levels around 112/108 below.
Resistance levels above: 115500/116400/117200/118500/119500
Support levels below: 112800/110840/109300/107500
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