Dividing line positioning
116000 is the 'bull-bear dividing line' on the 1-hour chart, directly determining the effectiveness of the rebound:
- Stabilizing above → Rebound starts, trend leans towards upward;
- Not stabilizing above → Weak rebound, trend continues to decline.
2. Below the dividing line (downtrend)
If it does not stabilize above 116000, the downtrend will continue, with the support point below serving as a potential reference for the end of the short-term decline:
- Key support levels: 114260, 113300, 112300, consider initiating long positions near these levels on dips.
3. Above the dividing line (rebound trend)
If it stabilizes above 116000, the rebound trend is confirmed, with the pressure point above serving as a potential reference for the end of the short-term rise:
- Key resistance levels: 116900, 117800, 118915, consider attempting short positions near these levels on rallies.
Summary
116000 serves as the dividing line to determine the trend direction, while the support/resistance points above and below correspond to different operational nodes under varying trends. Trading should combine real-time signal verification, strictly setting take profit and stop loss, with risk control as the core.$BTC #BTC走势分析 
