The Bitcoin market is currently in a wait-and-see state, with both the four-hour and daily charts showing a double support formed at the $1120 position. This level is significant for the short-term trend.



If BTC can hold above this key support level, the market may welcome a wave of upward momentum. Investors should closely monitor the initial resistance in the 115-116 USD range, and a breakthrough could challenge the next important level around 1185 USD.

However, if the $1120 support level is broken, we may see further downward trends. In this case, the $108-$112 range will become the next important support area, with around $108 potentially being the strongest support level.

Currently, market participants are weighing various factors, including the global economic situation, changes in the regulatory environment, and the attitudes of institutional investors. These factors may all impact the short-term trends of BTC.

Investors need to comprehensively consider technical and fundamental factors when making decisions, and always pay attention to market trends. Whether bullish or bearish, risk management should be the primary consideration. In this uncertain market environment, it is crucial to remain calm and rational.
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MechanicalMartelvip
· 13h ago
When will there be a big market trend in Boda?
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DataChiefvip
· 13h ago
Is the market data like this? Continue to lie down and sleep.
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PriceOracleFairyvip
· 13h ago
spotted some juicy statistical anomalies... market inefficiency at 1120 lookin like my old TradFi charts before the '08 crash ngl
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PessimisticOraclevip
· 13h ago
The bull run is still far away.
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mev_me_maybevip
· 13h ago
Bearish buy the dip surge
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SelfStakingvip
· 13h ago
Pro's words, it doesn't hurt to listen.
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DeadTrades_Walkingvip
· 13h ago
With this kind of performance, it still wants to pump.
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Lionish_Lionvip
· 13h ago
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