Key watershed
112880 is the key watershed for judging the short-term market direction:
- Stabilize above this level → Lean towards 1-2 hour level rebound (bullish logic);
- Break this level → Failed rebound turns to short (bearish logic).
2. Key resistance level (resistance point) above the watershed (rebounding market)
If the price stays above 112880, pay attention to the gradual resistance levels during the rebound:
- First resistance: Around 113930 (first target for short-term rebound);
- Second resistance: Around 114750 (strong resistance for medium-term rebound);
- Third resistance: Around 115800 (key suppression level for rebound space).
3. Key support level below the watershed (turning bearish market)
If the price breaks below 112880, pay attention to the gradual support levels during the decline:
- First support: Around 111945 (initial support level after short-term decline);
- Second support: Around 110520 (important support for medium-term bearish trend);
- Third support: Around 109040 (key defensive level for declining space).
Summary
This analysis centers on 112880 as the key watershed, dividing bullish and bearish logic based on the signals of 'stabilizing/breaking' through this level:
- Bullish path: Relying on support at 112880, testing resistance at 113930 → 114750 → 115800;
- Bearish path: After breaking below 112880, test downwards at 111945 → 110520 → 109040 support.
Short-term trading needs to closely track the price movement at the watershed level, and confirm the validity of signals in conjunction with level cycles (1-2 hours) before formulating corresponding strategies.$BTC #BTC走势分析 
