1. Core Watershed Positioning
103180 serves as the key watershed for long and short positions. The closing price at the 4-hour level will become the decisive indicator for market trends. If the candlestick body effectively stabilizes above this price level, it indicates that the current 4-hour level pullback has ended, and the bulls are expected to dominate the market and initiate an upward trend; if the closing price remains under pressure below 103180, it indicates insufficient bullish momentum, and the market is likely to continue its pullback trend.
2. Key Support and Resistance Level Analysis
Resistance Level:
104700 is the first resistance level for short-term upward movement. If the price breaks through this level, it will open up space above; 105860 is a medium-term strong resistance level, testing the bulls' ability for sustained attacks; 107065 serves as a key psychological level, and once broken, it may trigger a trend-based upward market.
Support Level:
101700 is the first defense line for bearish pullbacks. If this level forms effective support, downward pressure can be alleviated; 100700 is an important psychological defense line. Once broken, it will increase the risk of further corrections; 99135 serves as a strong support level under extreme market conditions, and if lost, it may trigger a deep adjustment.
3. Long Position Trading Strategy
When the 4-hour candlestick closes effectively above 103180, a light position for long orders can be established. Set the stop-loss below 102600 to guard against false breakout risks. The target price levels are as follows: the first target looks towards 104700, testing the first resistance; if 104700 is successfully broken, then look towards 105860; if the price further breaks 105860, it may challenge the 107065 resistance level.
4. Short Position Trading Strategy
If the 4-hour closing price falls below 103180, you may attempt to enter a short position. Set the stop-loss above 103600 to avoid short-term rebound risks. The target price levels are as follows: the first target looks towards 101700, testing the first support; if 101700 is broken, then look towards 100700; under extreme market conditions, further look towards 99135 support level.
5. Trading Summary and Risk Reminders
103180 is the core observation point for the overnight market. The closing situation at the 4-hour level directly affects the trend direction of long and short positions. Everyone needs to strictly develop a trading plan based on key levels, and during execution, be sure to set stop-loss and take-profit orders to avoid emotional trading. It is advisable to remain cautious near support and resistance levels, flexibly adjust positions according to real-time market fluctuations, prevent sudden market risks, and ensure controllable trading risks.$BTC #BTC走势分析 
