The most taboo in the $BTC transaction is being eager for quick success—blindly chasing highs and selling lows often backfires. True opportunities often arise after the market has undergone sufficient consolidation, when the forces of supply and demand reach a new balance, and the trend becomes gradually clear. Last night, the currency price fluctuated upwards from a low of 118186, reaching a high of 120035; currently, the currency price has retreated to around 11860 for consolidation. The big pie strategy provided last night successfully captured a space of 1700 points.
From a technical perspective, the current range of 118000-118500 constitutes a key support zone, and the 4-hour moving average system still shows a bullish arrangement, but the MACD indicator has shown signs of convergence, requiring caution regarding short-term adjustment risks. If the currency price can hold the support level of 118000, there is still hope for another attack on the pressure range of 120000-120500; conversely, if it loses the 117500 level, it may test the previous low of 116000. It is worth noting that there is significant psychological resistance at the integer level of 120000, and a breakthrough requires support from volume, while closely monitoring the impacts from fluctuations in the U.S. stock market.
Big pie suggestion: Buy near 118000-118500, stop loss at 117800, target at 120000.