From the daily chart perspective, Bitcoin's candlestick shows a significant bearish drop, precisely retesting MA120. Although there are signs of a rebound after bottoming out, the strength of the rebound is average. Pay close attention to the secondary retest in the next couple of days. If it can hold the previous low of 111500, it will attempt to reclaim MA10, which is the resistance level at 115000. On the other hand, if the previous low is broken again, a deeper correction may follow. Hopefully, it can hold MA120. $BTC #Bitcoin