$BTC Trend Analysis

Market Status

BTC is currently trading around $119,000, with a narrowing 24-hour volatility. The market has entered a short-term adjustment phase after the PPI data exceeded expectations. Despite the pressure from macro data, institutional accumulation and ETF inflows continue to support a long-term bullish logic.

Key Support and Resistance

- Support Level: $116,300 (daily bullish-bearish dividing line), if broken, it may test the $112,000-$115,000 range.

- Resistance Level: $124,600 (supply congestion zone), a breakout would target above $126,800.

Market Sentiment

- Bullish Factors: Institutions like Metaplanet continue to accumulate BTC, ETF inflows are strong, and the technical aspect remains within an upward channel.

- Risk Factors: PPI data exceeding expectations increases policy uncertainty, raising short-term pullback risks, with attention needed on the “magnetic effect” around $119,625.

Operational Suggestions

- If it stabilizes above $119,000, consider gradually positioning, targeting the resistance area at $124,600.

- If it falls below $116,300, be cautious of a deeper pullback to the support level of $112,000, and wait for a better buying opportunity.