Key Resistance Level for BTC at 112000

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BTC rebounded all the way yesterday, reaching a high of around 111700. Currently, BTC has broken through the descending channel line and has stabilized above 110000, with the bottom gradually rising, which is a typical bullish signal. However, there are significant resistances ahead during the upward process. So what specific resistances are there?

The first key resistance is 112000. If BTC can ultimately break through and stabilize above 112000, then it may potentially reach the key level around 113400. If you want to place a short position, these two levels can be considered for positioning. Of course, once it breaks and stabilizes above 113400, then we should look at the range of 114000-115000. I believe it ultimately should not reach these levels, as the resistance is too great. I think this is the peak of its rebound, and it may not even reach these levels. After this round of rebound ends, I believe it will eventually go to the key support around 105000, which is a good opportunity for BTC to bottom out and also a good opportunity for altcoins to enter.