$BTC

🔍 Market Structure Overview

Upward Retracement Phase: After rising from the 97000 level to 124400, we are currently in a retracement. Current Trend: After breaking the upward trend, the market has entered a volatile phase, paying attention to the price performance at 111800.

🔑 Key Support and Resistance Levels

Support Zone: 111800 (strong liquidity, previous support-resistance swap zone). Potential Downside Targets: If it continues to decline, 107000 and 105000 serve as important support, while 101000 is the downside limit. Rebound Resistance: Green trend line (dynamic resistance), the strength of the rebound needs to be monitored.

🎯 Trading Strategy Recommendations

Short-term Operations:

Consider buying near 111800, paying attention to the strength of the rebound; if a strong rebound occurs, it can be held until 115000. If it breaks below 111800, attention should be paid to the support situation at 105000/101000.

Long-term Layout:

Observe changes in market structure; if bottom convergence is confirmed, it can be gradually increased. Breaking the green trend line will mark a new upward opportunity.

📊 Chart Analysis

Appendix Explanation:

The horizontal purple area represents the liquidity acquisition zone, which can serve as a support reference. The green upward trend line is an important support for the current upward trend, and it needs to be reassessed after a breakout. The red area is the resistance zone; if it is lost, a further decline may continue.

📌 Summary

Short-term volatility, waiting for confirmation: The performance at 111800 will determine the market trend, and flexibility is needed in the current stage. Ensure risk control: In an unpredictable market, reasonable stop-loss is key to success.