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Good morning, recently BTC has been quite volatile, mainly due to short-term adjustments after last week's upward movement. Other altcoins have continued to rise after short-term adjustments, experiencing a catch-up rise. Will it be able to surge today?
BTC is currently still in a mid-term rise, the daily level is still in an upward channel. After a strong adjustment on the 15th, it has restarted its rise. Although the momentum is not strong, it is still in a slow upward channel. Today's short-term support is around 119000, with a turning point at 118000. Today's daytime short-term adjustment is expected to strengthen again and reach a new high. Only on the daily chart will there be an adjustment.