【BTC】112 K is the focus of bulls and bears, 110 K may be the "last line of defense" in this cost round 🛡️

In the past two weeks, BTC has fallen from a high of 123 K, dipping to a low of 111 K, which is right at the historical trading volume zone of 112 K–110 K. On-chain data shows that bulls have placed a large number of buy orders below 110 K, forming the current strongest support; if it cannot hold, the only remaining psychological support behind this integer level is 100 K 📉. The first resistance upward is at 116 K–117 K, with short-term encounters indicating that selling pressure is still heavy. In practice, one can try to accumulate positions at 112 K–110 K, with a tight stop-loss if it breaks below 108 K; if it breaks through 116 K with volume, then consider chasing higher.