In the current Crypto Assets market, the trend of Bitcoin (BTC) has attracted high attention from investors. The latest Technical Analysis shows that BTC experienced a 2-day death cross on August 1, and a fall breakout occurred within the 12-hour timeframe.

Currently, BTC is operating within a 16-hour timeframe, and market participants are closely following whether the key structural level of $115,500 can be reclaimed. The performance at this price level may have a significant impact on the short-term trend.

Above, BTC faces several important resistance levels. $115,700 is the first key level that needs to be broken, followed by $116,000 and $117,200. These price levels may form resistance during the upward movement.

At the same time, investors should also pay attention to the support levels below. $113,800 is the first key support, and if it falls below this level, $112,000 and $110,500 will become the next important defenses.

For trading strategies, professionals advise to remain cautious when there is no clear market pattern. At the same time, they emphasize the importance of risk management, reminding investors not to open positions recklessly without setting stop-loss orders.

It is worth noting that the Crypto Assets market is highly volatile, and investors should always exercise caution and conduct thorough research and risk assessment. Market analysis is for reference only and should not be regarded as specific investment advice. It is recommended to consult with a professional financial advisor before making any investment decisions.