The daily chart of BTC fell from a high of around 118850 yesterday to a low of around 116350, closing around 117200. The support level is around 116000; if it breaks, it could drop to near MA30. A pullback can be an opportunity to enter long positions nearby. The resistance level is around 119150; if it breaks, it could rise to around 120900. A rebound to nearby levels can be an opportunity to enter short positions. The MACD shows a decrease in long positions and has signs of forming a death cross. On the four-hour chart, the support level is around 116800; if it breaks, it could drop to near MA90. A pullback can be an opportunity to enter long positions nearby. The MACD is moving sideways and the two lines are converging.

BTC-1.45%
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