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BTC 1H/4H level, after multiple rounds of falling divergence yesterday, has fallen to the target, but the moving averages are in a short positions arrangement, making the rebound limited, and there is a high probability of consolidation.
At this position of 114k, the rise and fall are difficult to sustain, with resistance near the convergence area of the high and low points of the downward structure and important moving averages.
Support is near the divergence neckline, previous lows, and larger bullish moving averages. The larger bullish trend is still present, with long-term moving averages and candlestick patterns providing support.
The intraday pullback is between 113.3k and 114k for long positions, with targets at 115k, 116k, and 117.5k.