Today’s Bitcoin Trend Analysis

Intraday Support: 110,000-110,500

Intraday Resistance: 114,000-114,500

Bitcoin’s one-hour M-trend top has reached its upper limit. The price has twice touched the middle line of the ascending channel, only to fall back to the lower support line. It has now broken through and rebounded, creating effective resistance. Next, focus on the 110,000 support level. With a short-term bullish outlook, the market remains weak and volatile.

Intraday Trading Plan:

Enter a short-term long position when the price reaches 110,000-111,000.