BTC Trend Breakdown and Trading Suggestions
Support Levels:
First Support: Around 112500, the support point given yesterday is also the lowest point of the spike last night. (Support is an old position that remains unchanged; take it step by step, if it doesn't break, it will continue to oscillate back and forth for trading)
Second Support: 110200, the high point of the previous closing, which can serve as a short-term reference position.
First Resistance: 115400 (previous high congestion area), the point where the previous rebound stopped falling, a concentrated base of chips.
Second Resistance: Around 116200 (previous initial closing high), a densely traded area where multiple high-level sell-offs occurred previously.
Trading Suggestions for BTC:
I recommend maintaining a "slightly bearish oscillation" trading rhythm:
The mindset for shorting remains unchanged; place short orders at the first and second resistance levels, 114800-115400, and do not hastily chase shorts. Take profit around 112500. Set stop loss at 116350, and the long-term target remains unchanged between 109000-108000 for further consideration.
