BTC is currently moving sideways, with a range of 500 points at the bottom of the trading range. It is not advisable to place trades at the moment. For intraday trading, we can look for a breakout; going long if it breaks above the trading range and looking bearish below. Personally, I tend to favor a breakout above the trading range. In the medium to long term, I see the current position at 114723 forming a double bottom, indicating that the pullback from the high of 123300 may be ending. It is also possible that a breakout above this line could reach around 130000.

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