BTC: Bull-Bear Dividing Point - Focus on Price Action Around 113500

The probability of a decline has increased significantly as it has consecutively broken through 2 trend lines + the bottom of the upper box.

Focus on the support level around 113500. If it breaks below 113500, it indicates a downward trend with lower highs and lower lows.

If it breaks below 113500 with volume, it also means falling back inside the box, and we could see 109800/107300.

If 113500 holds as support, observe the right side. If there is a show of support strength, a long position can be taken, with profit-taking levels at: 114800/117200$BTC