I. Key long-short dividing line

Tonight, focus on the critical price level of 103900. If the closing price at the 1 - 2 hour level can effectively stabilize above this point, it will inject strong momentum for bulls, accelerating the market upward. Conversely, if this price level cannot be broken, it indicates insufficient rebound momentum, and the market is likely to continue its downward trend.

II. Distribution of upward pressure levels

Once the price successfully stabilizes above 103900, focus on the three levels of pressure:

1. First pressure level: near 104870, this is a key area for short-term long-short battles.

2. Second pressure level: near 105860, expected to form strong resistance.

3. Third pressure level: near 107065, if this point can be broken, it will open up new upward space.

III. Analysis of downward support levels

If the 1 - 2 hour closing level fails to stabilize above 103900, the market may continue to decline:

- First line of defense: the previous low of 102770, the gains and losses at this point will determine the short-term trend direction.

- Holding support: expected to trigger a technical rebound.

- Breaking support: will further probe the lower support area.

- Lower support levels: sequentially pay attention to 101680, 100700, 99135, these points may become short selling targets.

IV. Trading strategy suggestions

(I) Long position strategy

1. Entry timing: if the 1 - 2 hour K-line effectively closes above 103900, a light position can be taken for long; if the price dips to stabilize between 103900 - 104000, additional positions can be added.

2. Stop-loss setting: set near below 103900, such as 103600 - 103700, to control risk.

3. Take-profit target: take profit in stages, successively looking at 104870, 105860, 107065, gradually taking profit based on market strength.

(II) Short position strategy

1. Entry timing: if the 1 - 2 hour K-line closes below 103900, consider trying to short; if it rebounds to encounter resistance at 103600 - 103700, consider adding to short positions.

2. Stop-loss setting: placed above 103900, such as 104000 - 104100, to guard against market reversal.

3. Take-profit target: first look at the previous low of 102770, if it breaks this point, further targets are 101680, 100700, 99135.

V. Summary

The core of the night trend for Bitcoin is the contest at the 103900 point. Stabilizing at this point allows for long positions, with attention on the upper pressure levels for taking profit; if unable to break through, consider short positions and watch for changes in lower support levels. Strictly set stop-losses in trading, control position size, and flexibly adjust strategies based on real-time market conditions, as market volatility is significant, and decisions should be made with caution.$BTC #BTC走势分析