Current Bitcoin 113,560, a slight decline of about 0.26% in the past 24 hours, with a daily high of 113,999 and a low of about 112,107. The price is consolidating near previous highs, and short-term volatility is increasing.

Recently, a large amount of BTC has been transferred from early addresses to exchanges, totaling around 80,000 coins, equivalent to approximately 9 billion dollars at current prices. Despite significant selling pressure, the market quickly recovered after a brief decline, indicating strong buying support and active institutional purchases.

Some recently established large positions have gradually reduced their holdings after Bitcoin broke above 115,500, locking in hundreds of millions of dollars in profits. Both bulls and bears are competing around key price levels, keeping the short-term market in a range-bound fluctuation.

Operation suggestions

If Bitcoin retraces to 112,200–112,300, a small position can be tested, with a stop-loss suggested below 111,800;

If the price breaks above and stabilizes above 115,500, a light position can be taken to go long, with targets focused on 118,000–120,000;

Long-term holders can continue to hold their coins, but it is recommended to keep the total position within 15% of total assets. #BTC #ETH