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📊 #BTC Market Observation
The current market is still in a weak fluctuation phase, with BTC gaining strong support around 110000. This area may become an ideal accumulation zone for institutions.
From a technical perspective, the price is expected to break upwards through the descending triangle structure and surpass the neckline resistance around 116,000. Once the breakout is confirmed, Bitcoin is likely to initiate a small wave 5 upwards, with the upward target pointing towards the 122,500 resistance area.
📈 The market washout is nearing its end, and mainstream coins may welcome a strong comeback.
#比特币 #加密市场 #BTC分析 #Trading Strategy