BTC Trend Analysis and Trading Suggestions
Support Levels:
First Support: Around 112500, the support point given yesterday is also the lowest point last night. (Support remains at the old position, take it step by step, as long as it doesn't break, just oscillate back and forth to make trades)
Second Support: 110200, previous high point of the closing needle, can be used as a short-term reference point.
First Resistance: 115400 (previous high dense area), previous rebound stop point, concentrated chip base.
Second Resistance: Around 116200 (previous initial closing high point), previous multiple high-level selling dense transaction area.
Trading Suggestions for BTC:
I suggest maintaining a “slightly bearish oscillation” trading rhythm:
The high short mentality remains unchanged, place high short orders at the first and second resistance levels 114600-115800 to enter the market, do not hastily chase short. Take profit still around 112500. The long-term target remains unchanged, consider again between 109000-108000.
