The price of Bitcoin is gradually approaching the key resistance level near $116,000. From the current market situation, this range is not only a resistance zone that has faced pressure multiple times in the past, but also an important watershed in the battle between bulls and bears.

For traders leaning towards a bearish strategy, the $116,000-$116,500 range may present a good layout opportunity. On one hand, this range is close to the psychological resistance formed by previous highs, where bullish momentum may show signs of weakening; on the other hand, from a technical perspective, the short-term RSI indicator has shown overbought signs, and the demand for a pullback is accumulating.

If the market is under pressure as expected, the first target below can be seen at the short-term support level near $114,000. If this position is lost, further declines may point towards the $112,000 range, which is also the lower boundary of the previous consolidation platform and has some buying support.

However, it is important to note that the current market sentiment is relatively optimistic, and the possibility of breaking through the resistance level cannot be ignored. When operating, it is necessary to have a good stop-loss plan in place to avoid the risks associated with one-sided market movements. #BTC走势分析