The current price of BTC is 117,165. This is not the time to chase the market; it's an opportunity window before choosing a side.
BTC has experienced a critical rebound and is currently stuck at the previous high resistance zone, entering a fluctuation + pivotal area: it is still operating within an upward channel, with bulls in control.
However, it has been blocked at highs for three consecutive days, and trading volume has started to shrink, indicating a clear phase of handover.
Short-term support: 118,869 (previous high breakout point)
Strong resistance zone: 118,500 ~ 119,200 (previous large order trap zone)
Critical signal level: breaking below 112,000 = structural damage
Note: If it attempts to break through again without success, it will trigger a proactive pullback.
Wait for a breakout above 119,500 and hold for over an hour before considering a pullback for a long position, with a target of 124K~126K.
Set the stop loss below 117,500 (false breakout stop loss point).
For a pullback in the 114,000~115,000 range, go long with a stop loss at 112,800, targeting 117,800-118,500.
Quick in and out, position size not exceeding 10%.
Currently, it is not advised to open a short position directly:
Although it is consolidating at a high level, there is no typical bearish structure yet.
Wait for a breakout or false breakout engulfing pattern before positioning for shorts; it's safer.
This is a "pre-selection consolidation period"; it is not the time for reckless operations.
The real opportunity always lies in the first pullback after confirmation, not in gambling for probabilities amid unclear fluctuations.
Only those who understand the positions can make money from the trends.
Next week, new U.S. CPI data may be announced; if the data is unexpectedly weak, the market could quickly turn.
Large funds have clearly been adjusting their positions recently; don't be fooled by false breakouts.
Not setting a stop loss = chronic liquidation; don't trade based on emotions.
