Where is the support for #BTC?

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📊Where is the support for #BTC?

🧠From a structural perspective, we did not stabilize after breaking through the inflection point of 119240, but broke down quickly. According to the current structure, the short-term support area is 112000-113700.

➡️From a morphological perspective, we failed to successfully break through the h point, but chose to break down, so we need to be vigilant about further pullbacks!

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#BTC Update

Unfortunately, it started to rise about $1,000 away from our entry point.

Cancel this trading strategy.

Next, you need to wait patiently for a breakthrough of ATH or a drop below L before looking for new trading prospects. At this stage of trading, the winning rate of both long and short positions is relatively low, so if you want to participate, you can only be conservative.