Foresight News reports that according to Bitcoin Vector analysis, Bitcoin is currently at a critical position. If the price can form a higher low in the range of $114,000 to $115,000, it may maintain a rising structure; if it falls below, it may dip to $112,000 to form a double bottom. It points out that since the significant drop in August, the structure has shifted to a clearly bearish position (-0.84), while the best signal is close to zero, indicating a lack of directional movement in the market, only adjusting at the macro and leverage levels. Currently, Bitcoin is oscillating and consolidating under short positions pressure, and if it cannot hold the support, it may decline further.
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Analysis: Bitcoin is facing a critical support test and may form a double bottom at $112,000.
Foresight News reports that according to Bitcoin Vector analysis, Bitcoin is currently at a critical position. If the price can form a higher low in the range of $114,000 to $115,000, it may maintain a rising structure; if it falls below, it may dip to $112,000 to form a double bottom. It points out that since the significant drop in August, the structure has shifted to a clearly bearish position (-0.84), while the best signal is close to zero, indicating a lack of directional movement in the market, only adjusting at the macro and leverage levels. Currently, Bitcoin is oscillating and consolidating under short positions pressure, and if it cannot hold the support, it may decline further.