#数字货币市场回调# Observing the historical trend of Bitcoin can help us find clues when the market direction is unclear. A noticeable pattern is that after a significant fluctuation, the market usually goes through a consolidation period before continuing to develop along the original trend.

Currently, the short-term trend requires close attention to changes in the small cycle structure. On the technical side, the 113800 level has formed a key resistance (corresponding to the 0.618 retracement level of the 4-hour ascending channel), while 111000 is an important support line (the position of the 120-day moving average on the daily chart).

Analyzing from the 1-hour time frame, there is a strong downward momentum recently, and the price is currently in a converging oscillation phase, with the technical pattern likely developing into a triangular consolidation.

This triangular oscillation pattern is very common after the market experiences significant fluctuations. In terms of trading strategy, it is recommended to closely monitor the price range and wait for a clear breakout signal before taking action in the prevailing direction.

The characteristics of this type of trading position are controllable risks (with clear stop-loss points) and a relatively large potential profit space, which is worth special attention from investors.

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