$BTC

The upward trend line has been broken, and the strong support below is around 112000. This position is a strong support of the neckline and also corresponds to the position of the 12-hour Vegas tunnel. If there is a pullback, it is highly likely that the cloud chart on the daily will also reach the bottom, and a strong rebound is likely. As for whether it will start a new wave or just be a rebound, it's hard to say specifically; we'll have to see at that time.