When Bitcoin hit the 120,000 mark, it faced significant selling pressure and failed to break through the resistance zone, instead experiencing downward pressure, with the trend deviating noticeably from yesterday's expectations. However, it has stopped falling and rebounded; the support and resistance levels above and below are relatively clear. It is advisable to adopt a flexible strategy of selling high and buying low while patiently waiting for a breakout signal.

- Pay attention to the resistance situation in the 118,500—119,000 range; if it remains under pressure, consider a high short position;

- Monitor the support strength in the 116,500—116,000 range; if it breaks down, consider following up with a short position. $BTC