Take a look at Saturday's Bitcoin market. Overall, the trend is relatively weak,
1. After the Saturday's fluctuations and corrections, the 1-hour rebound demand has been completed. After the range correction, the trend remains in parallel fluctuations, which is still somewhat optimistic in the short term.
2. The price on the 4-hour chart is still at the lower edge of the range, and the overall range remains in an expanding state, with the overall trend leaning downward and no obvious range divergence, indicating that the current 4-hour range trend is relatively weak.
3. The daily line is temporarily at the upper edge of the range, and the current trend is still somewhat optimistic.
4. The short-term resistance is still around 118,400. If this level is not broken, we cannot expect to correct the hourly level downtrend.
5. The short-term support is around 117,000, with effective support being quite far at around 114,500.
6. Continue to observe, as Saturday's trend basically belongs to "garbage time".
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