Today’s Bitcoin Trend Analysis

BTC is converging in a triangle formation on the 1-hour chart and has now broken out of its current trendline and is trending upwards. The trend has just broken out, but due to the weekend, there is no volume above. A short position at 114,000 is still possible, with the second key resistance level at 115,500.

Key support below is the psychological level of 110,000. Barring any significant news, a long position is possible. The price has not yet broken out of its range.