Today, the overall fluctuation of the pancake is not large, currently stabilizing around 113600, moving sideways.
This kind of 'low-volume sideways' trend is essentially the main force accumulating strength and waiting for a directional choice.
Bullish probability is greater.
The 113000—113200 range has been tested multiple times, and support is effective;
The daily line is still within the rising channel, and the trend has not been broken;
In terms of funds, mainstream capital inflow is stable, with no significant weakening.
Therefore, if it can stabilize above 113000, the probability for bulls to attack again towards 114800—115500 is greater.
Bearish risk points:
If it falls below 113000 and volume increases on the downside, it may accelerate the pullback to 111500—112000;
However, from the overall volume and trend perspective, the bearish nature is more of a washout rather than a reversal.
Short-term thoughts:
Holding 113000 can allow for light positions to buy low, targeting 114800—115500;
If it falls below 113000, decisively stop loss and wait to re-enter at 111500—112000.
Medium-term thoughts:
Gradual layout points: 113000, 111500, 108500;
The medium-term target is still in the 120000—125000 range.
Position control:
Control short-term positions at 30%, and add positions once the trend is confirmed;
Set the stop loss below 112800, and if it breaks through 115500, it can be chased long.
BTC is currently moving sideways at 113600, with an overall greater bullish probability. Holding above 113000 is the bullish baseline, and breaking through 115500 will lead to an accelerated attack.
