The Bitcoin price has been in a turbulent adjustment for nearly a week now, and there are still no signs of it turning into a one-sided trend. The 4-hour chart continues to show a downward fluctuation, with lower highs and lows indicating weakness.
Pay attention to the support level near the middle track at 116500, and the resistance level at the 4-hour high of 119800. Both can be used for short-term entry, with a protection of 1500 points and a reward-to-risk ratio of 1.5.
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$BTC short-term
The Bitcoin price has been in a turbulent adjustment for nearly a week now, and there are still no signs of it turning into a one-sided trend. The 4-hour chart continues to show a downward fluctuation, with lower highs and lows indicating weakness.
Pay attention to the support level near the middle track at 116500, and the resistance level at the 4-hour high of 119800. Both can be used for short-term entry, with a protection of 1500 points and a reward-to-risk ratio of 1.5.