9.27 At midnight analysis of BTC

From the 4-hour candlestick chart of Bitcoin, it can be seen that the short-term market has entered a recovery phase, the price has successfully stood above the average line of the Bollinger Bands and shows an upward divergence trend. However, it should be noted that there is a dense resistance area above; if it cannot surpass this area in the near future, it is highly likely that the market will revert to a downtrend channel, and caution is needed regarding the risk of a price decline.
Proposal: place sell orders near 110500, 111000