The current price of BTC is struggling to rise against the peak of 123K on the 14th. It's safer to buy on the pullback to the previous high point of May 22. Currently, the daily price action indicates a trend of falling first and then rising when comparing the space of price fluctuations. Do not chase the rise; the focus is on reserving lower buy points at various levels for a downward move.

Short-term support is at 116600~115463 (1:2, watch closely for quick trades), the second support is at 112133~109137 (beyond this range, it’s hard to make direct inferences, but if it falls more than 7% past the previous support, a rebound can be attempted, but only once). The short-term resistance is at the current position, and caution is needed for a potential pullback at the 4HMA30 before continuing down to the short-term support. Higher resistance is at 121293~122122.