Dear family, today let's talk about the market situation of Bitcoin (BTC). I have studied the latest market data and comprehensively analyzed technical indicators, capital flows, and macroeconomic factors to share with you.

First, let's discuss the key levels. In terms of support, the range of $117,500 - $118,000 is very important; it is a balance zone for bulls and bears during the day. If it breaks below, it may accelerate the pullback. There is also $115,500, which is a Fibonacci retracement level and an institutional cost area. As for resistance, $120,500 is the previous high pressure level, and $122,000 is a psychological barrier. Once it breaks through, it might start a new round of increases.

Next, let's talk about trading strategies. For short-term trading, the opportunity to go long is when it stabilizes after a pullback at $117,500 - $118,000; set the stop loss at $117,000, and aim for $119,500 - $120,500. For short positions, when it rebounds to $120,500 - $121,000 under pressure, and the RSI is overbought, you can try a small short position, with a stop loss at $121,500 and a target towards $118,000.

For medium to long-term positioning, if the long position stabilizes above $118,000, build positions in batches, with a stop loss at $115,500 and a target of $122,000 - $125,000. Additionally, I suggest hedging by going long on BTC while going short on the ETH/BTC exchange rate, mainly to cope with the relative weakness of ETH.

Finally, let me share today's operation guide from BTC Hao Ge. Go long directly near $118,400, with the first target at $119,200, and then $120,400. In the next few days, it might break through the new high and surpass $123,300. #BTC