Today’s Bitcoin Trend Analysis

Intraday Support: 114000-114500

Intraday Resistance: 116600-117200

Bitcoin market trading volume was sluggish over the weekend, with a significant decline in trading volume. Currently, Bitcoin is range-bound. Focus on the support level around 114500. If this support level stabilizes after a pullback, the current bullish trend is likely to continue. If the 4-hour candlestick chart successfully closes above 116600, the market could test or even break through the previous high.

Day Trading Plan:

Short between 116600-117200 and go long at support.