A single wave does not represent the trend.

Yesterday, the BTC price increased to 17400, forming a reversal wave.

However, a rising trend has not yet formed.

the short-term trend is still declining.

the medium-term uptrend has ended.

if the price breaks 111500, the downtrend scenario will immediately form with extremely bad signals.

If the price breaks 117400 once again, it will confirm the short-term uptrend.

Please pay attention a little. You might get caught in a pump without realizing it and end up holding the top for a long time.