$BTC If it holds the support level in the next week, there is a possibility to continue reaching ATH. Currently, the ascending triangle pattern has not broken, be cautious when shorting!

BTC 4-hour analysis 25.08.15

Current price 119000 @williamyuan

Market Analysis:

Current price has pulled back after reaching a new high,

rebounding at the support level.

This support level needs to be tested twice.

Technical Analysis:

Currently forming an ascending triangle pattern,

which is a strong bullish signal.

Pattern Characteristics:

This pattern is characterized by decreasing volatility

and continuously reaching new highs

before a breakout and a significant rise.

This is a bullish signal.

Market Projection:

If it holds the support at 116850 in the next week,

then there is potential for a new high.

Key Levels:

Support level: 116850

Resistance level: 123000 Breaking through will lead to a significant rise towards 130,000.