The BTC trend yesterday was quite critical; the support level of 113500 that we previously focused on has now turned into short-term resistance, adding some uncertainty to the subsequent market.

From the current shape, the price is operating within a fairly standard ascending wedge structure. However, even if the pattern is clear, it does not mean one can rush to go long – it is important to note that the higher time frame has not effectively confirmed a solid hold above the key trend line, just like a high building that hasn’t laid a good foundation; hastily building upwards inevitably harbors risks.

Intraday operations require extra caution, and the level of 112500 is worth paying special attention to, especially the closing performance on the 15-minute timeframe. Only when the price shows enough stabilization signals at this level can one consider placing long positions.

It is worth noting that today could very likely be an important turning point, and the battle between the bulls and bears in this area may become increasingly intense. It is essential to remain patient in operations and wait for a clear signal before taking action in order to seize the initiative amid the fluctuations. #BTC#