BTC has finally broken out of the recent range of repeated fluctuations. Yesterday, it was indicated that the highs were reached, and BTC started to plummet in the early hours, already dipping below 115 and still going down?

Currently, an effective support level has formed in the short term below. If it can stabilize in the current trading range, a strong downward trend has already completed. If it continues to dip below, the short-term downward range will open up!

From the four-hour analysis, a strong dip has shown signs of stopping, and with the increasing volatility base, the rebound space is also expanding. Currently, it is operating at a low level and has started to enter a slow recovery phase, in a bottoming rebound, which is quite tempting! The daily line's downward momentum has not diminished, and the MACD indicator also shows a bullish divergence, with the two lines continuing to diverge downwards below the zero axis.
There are no instruments that only plummet without rising, nor are there instruments that only rise without dipping. Short-term fluctuations are biased towards the trading range!
Stable operation advice:

Defend the range of 116200-117000, protect 117500.
The target looks down at 114600, if it breaks then look at 113500 #Gate Launchpad IKA上线# .