The big pancake at $BTC will inevitably experience a pullback tonight in the range of 117300 to 116800, and this adjustment trend is highly certain.
From a 4-hour perspective, the current price is once again facing the severe test of the key level of 119000. It is important to clarify that 119000 is not only the core point of contention for bulls and bears in the short term but also a strong resistance area formed during the previous consolidation phase. The resistance strength at this level should not be underestimated, and the difficulty of breaking through in one go is extremely high.
Based on this trend structure, once a price pullback occurs, the range of 117300 to 116800 will be undoubtedly the best position to go long. This range is both a support zone that has been tested multiple times in the past and a key area where the bulls can most easily establish effective support during the current pullback process. The safety margin and the upward momentum reserves for entering here are more than sufficient.
After entering, the price will inevitably launch another attack towards the resistance level of 119000. This is not only a necessary continuation of the short-term trend but also the core objective for the bulls to break through resistance and open up upside space. The outcome of this test will directly determine the direction of the subsequent medium-term trend. Follow Hu Ge for real-time guidance $ETH #币安Alpha上新 $XRP #ETH走势分析 #特朗普允许401(k)投资加密货币