Good morning, it’s time for Trend Brother to talk about trends again. In the article on the 21st, I predicted that after a short-term pullback, the price of Bitcoin would restart and reach 115000-117000. Six days have passed, and we can see that it has already arrived. Of course, since it’s a swing trading trend, the short-term preparation points need to be found by everyone, or follow @Trend Brother Must Say. So, can the market continue to soar next?

The current trend of Bitcoin is judged to be in the second phase of the upward movement at the daily level. Although it has reached the target range I mentioned last week, the pattern still shows no signs of ending. Today, there was a short-term pullback, but there is still some room for upward movement. The next resistance is around 117500. Currently, pay attention to the weakening situation at the 6-hour level. The short-term turning point for today is around 112000, and I will inform everyone about the next swing trading turning point.