On the daily K chart, after the bears increased their volume and pushed down to the middle track support area, a bullish candle was formed to stabilize the situation. Two key positions need to be closely monitored: the upper level at 119300 is an important resistance level; whether it breaks or not will significantly impact the subsequent upward rhythm; the support around 116300 below must also be closely watched, as a breach could trigger further pullbacks.
In the short term, from the four-hour chart, the bears have turned into bulls, with prices steadily moving upwards after touching the middle track, and bullish momentum is showing initial signs; however, the bullish volume on the hourly chart has somewhat decreased, and short-term upward momentum may slow down, requiring attention to the rhythm.
Operational strategy: primarily bullish with some bearish positions, buy on dips
• For Bitcoin long positions: it is recommended to buy low within the range of 116500-117500, with the initial target at 118700-119700. If the resistance level of 119300 is reached, consider taking partial profits and observing the breakout situation before making adjustments.
