Bitcoin (BTC) market analysis: Last night, the price quickly dipped to the first support level and then strongly rebounded, rising all the way to the third resistance level, followed by entering a top consolidation state in a smaller time frame. Today's focus is on the key watershed at 109150:
- Continuation of bullish situation: If the closing price at the 1-hour level consistently holds above 109150, it means that both large and small cycles are in a bullish trend, and a continuation of the upward momentum is expected. The upper resistance levels to watch are 109850, 110800, and 111960; breaking through these may open up upward space.
- Possibility of a bearish reversal: Once the price falls below the 109150 support, a correction trend will be confirmed in the smaller time frame. Below, 108610, 108150, and 107330 will form a support line in sequence. If these supports are consecutively breached, a larger adjustment should be anticipated.
Summary: 109150 is the core point of contention for bulls and bears today, determining the short-term trend of Bitcoin. If this position is held, the bulls will dominate, and the probability of continuing upward movement is high; conversely, if it falls below this level, the market may shift to a range-bound correction. It is recommended to closely monitor the 1-hour level trends and flexibly adjust trading strategies in conjunction with key support and resistance levels.$BTC #BTC走势分析 
