8.7 Morning Silk Road
Looking back at the early morning, the Bitcoin price surged to around 115,700 after reaching a high of 113,500, then began to decline back to around 115,000. Currently, it is fluctuating around 114,900, and the current market conditions show a clear characteristic of high-level consolidation.
This consolidation is not a signal of a trend reversal; rather, it seems to be building momentum for the next wave of upward movement.
Pay attention to the support at 113600 below and the resistance at 115800 above.
The pancake returned to 114800-114300.
Target 115500-116000
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