BTC Morning Analysis
Key Support/Resistance Levels: Support Level: $111,223 (4-hour low), $110,500 (retracement level). Resistance Level: $115,000-$116,000 (psychological level), $117,300 (breakout signal point).
$113,000 is the daily bullish-bearish dividing line. If it effectively breaks down, it may drop to $110,500 or even $101,000; if it holds, it may rebound to the $115,000-$116,000 range.
Short-term: Focus on high selling and low buying within the range (113,000-116,000), with a strict stop-loss of 1%-2%, and pay attention to volume changes.
Medium to Long-term: If it retraces below $110,500, consider gradually adding long positions, targeting $130,000+; if it breaks below $101,000, reduce positions and wait for further developments. $BTC