#BTC#/USDT ANALYSIS #Bitcoin# has broken out of the ascending triangle and is currently testing the breakout level. The Ichimoku cloud is showing strong support. A successful retest will confirm a #bullish# continuation, while failure could push price action back within the pattern. $BTC #crypto

Bitcoin price news: analysis of rising elevators and descending elevators Bitcoin price news has attracted the attention of investors and analysts, especially after recent market volatility has shown resilience and fluctuations. Recently, Bitcoin (BTC) has been hovering around $118,000, sparking excitement and speculation in the cryptocurrency market.

The market is truly ever-changing. A good long positions setup has been disrupted due to the changing situation in the Middle East. This morning's surge in the price of Bitcoin has already indicated a fall, while HJ's performance has slightly pumped. In the evening, around 19:00, things intensified, causing gold prices to continue soaring. A large amount of data has exited and chosen to seek refuge, and Old Lu is also sweating. As the situation escalates, Bitcoin's price has dropped below 116,000, prompting a take the opposite position, waiting for a downward move towards the bottom of the range around 115,000 to take profits. One can only say that Old Lu's control over the market is consistently online! On the daily chart of Bitcoin, the candlestick shows a large bearish candle retreat, with long positions' momentum sharply decreasing. The candlestick begins to move away from the upper range towards the middle range. However, based on the main data performance from CME, there is still an upward trend in the market overall. Looking at the four-hour structure, the candlestick forms a bearish trend down to the support area before turning bullish. The candlestick pattern has formed a flat bottom structure, indicating a further rebound trend. Although the fast and slow lines in the MACD have changed from being close to opening up, they remain above the zero axis, indicating that the energy for further decline is not significant. Overall, Bitcoin is around 115500-115100, defending near 114900, with a focus on around 116700; Ether is around 4450, with a focus on around 4520, defending at 4430#九月份加密市场能否突破##Gate广场创作点亮中秋#.