Core Watershed: 115670
This position is a key node for determining the direction of the short-term trend, and its gain or loss directly determines the effectiveness of subsequent support and resistance.
1. Above the Watershed (stably above 115670 for 1-2 hours)
- Rebound logic initiated, short-term leaning towards bullish continuation, attention required on the third resistance level:
- First Resistance: 116800 (Short-term resistance, first testing point in the initial rebound phase)
- Second Resistance: 117880 (Medium-term resistance, requires strong momentum to break through)
- Third Resistance: 118560 (Long-term resistance, key suppression level for the rebound space)
2. Below the Watershed (not firmly above 115670)
- Insufficient rebound momentum, short-term leaning towards bearish continuation, attention required on the fourth support level:
- First Support: Previous low 114618 (Short-term support, key defensive level for the first downward probe)
- Second Support: 114080 (Medium-term support, secondary buffer level after breaking the previous low)
- Third Support: 112750 (Deep support, an important node for bearish continuation)
- Fourth Support: 111860 (Long-term support, extreme reference level for short-term decline)
Summary
- Core Operation: Keep a close watch on the stabilization situation at 115670, this position is the 'switch' for the bullish-bearish transition.
- Bullish Strategy: After stabilizing above the watershed, gradually observe the rebound strength with resistance levels as targets, beware of falling back when encountering resistance levels.
- Bearish Strategy: When not firmly above the watershed, use the support level as a reference and pay attention to the chain downward risk after a break.
- The direction of the short-term trend is determined by the gain or loss of the watershed, and support and resistance levels dynamically take effect with price positions.$BTC #btc走勢 
