The pattern of $BTC is still easy to recognize, continuously operating within a triangle.
The upper pressure was 118800, with a maximum of 118856 last night, and the lower support was 116400, with a minimum of 116467 this morning. Currently, it has reached the end of the triangle and started to rebound.
The direction could be determined as early as today: a breakout above 118350 or a drop below 116700.
This kind of market at the end of a triangle can only be a gamble on direction, so which way do you all think it will go, up or down?
$btc is facing resistance at a key position. It seems we will know the outcome between 5 AM and 7 AM.
10.53K
7
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.