Core Watershed
- 4-hour level at 118300: a key point for judging the strength of short-term rebounds and market direction.
Support and Resistance Levels
- Resistance Level (after stabilizing at the watershed):
- Sequentially pay attention to around 119260, 120300, and 120955, which are the phased resistance ranges during the upward process, and light positions can be tried for short positions.
- Support Level (when the watershed is not stabilized):
- If the rebound is weak and falls again, attention can be paid to around 117055, 115920, and 114660, which are potential support levels for light positioning of long positions.
Summary
118300 is the core judgment standard for today's market: if the 4-hour level is not stabilized, the strength of small-level rebounds is insufficient, and attention should be focused on the support levels below; if stabilized, the market is expected to continue upward, and the upper resistance levels can be tracked. Operations should be based on the breakthrough situation of the watershed, corresponding attention should be paid to the key points above and below, while also noting to operate with light positions and manage risk effectively.$BTC #BTC走势分析 
