Yesterday mentioned and continued to show weak oscillation at low levels. While the 4H level is forming a bottom structure, it finally welcomed a surge and broke upwards during the day.
For short-term bulls, if the reversal structure emerges, there is a high likelihood of breaking through the upper resistance and potentially challenging historical highs, even setting new highs.
Recently, there has been a lot of news and data. In the evening, it is necessary to pay attention to the price action near the W bottom neck line around 1155 after the pullback breakout.
If it does not break below during the pullback, confirming that support is valid, a rebound will continue.
If it follows U.S. stocks and dips too deeply, falling back below 115, then it can be considered a false breakout, and the market will likely continue to return to a weak oscillating rhythm. Pay attention to the support around 114/112.
Upper resistance: 116800/117500/118900/119500
Lower support: 115680/114400/113800/112500
#BTC #
