Is the main force offloading at the top? Where are the key positions?

BTC Hourly Level: The long-short reversal position is around 118,000, and the strong decline in this round will temporarily stop.

Currently near the support within the range, 116,800-115,900 is a strong support position. If it holds the breakthrough near 118,000, it can go to around 120,000 again.

If the daily decline and the strong hourly decline continue, and 115,900 is broken, then the target will be around the daily support position of 115,000.

Scenario Analysis:

1. BTC holds around 116,800-115,900 and waits for another spike, starting the daytime rebound at 8 AM, breaking through 118,000 on the daily and then beginning to test around 120,000-119,200, the market starts to end the strong decline.

2. BTC holds around 116,800-115,900, continues to wait for another spike to confirm the market, rebounding between 117,400-111,8200 at 8 AM, then oscillating for a while before continuing to decline in the afternoon to test the daily extreme spike position.

3. Holding around 116,800, then rebounding near 118,000 in the morning but unable to go up, starting to oscillate at a low level, then preparing to drop. If it takes longer to hold near 116,800 without breaking, the logic of a big market drop will end, just waiting for a spike before starting to reverse.

There are many scenarios, focus on the reaction at key positions, the main force has not finished offloading, the daily smash is too obvious, it is recommended to take short positions at key positions. Still, the main action is to wait. #加密市场回调 $BTC