According to the current market analysis, Bitcoin is near a critical technical point after experiencing a rapid decline, with intense competition between bulls and bears. Specific operational strategies and risks to be aware of.
The table below summarizes the key technical levels currently focused on by the market and two main operational ideas, allowing you to quickly understand the overall situation.
| Analysis Dimension | Bullish Viewpoint | Bearish Viewpoint |
| :--- | :--- | :--- |
| Current Price | About $112,800 | - |
| Key Support Level | $112,000, $111,200-$111,950 | A break below $112,000 could open up downward space to $105,000 |
| Key Resistance Levels | 113,700-114,000 USD, 114,800 USD, 115,700 USD, 116,000 USD | 114,000 USD (bearish defense level), 115,600-116,800 USD |
| Core Basis | Short-term severe overselling, there is a technical rebound demand; approaching important historical support | 4-hour chart head and shoulders pattern, breaking the ascending channel, moving average bearish arrangement |
| Potential Winning Rate Assessment | Short-term rebound: moderate, needs to exit quickly | Trend continuation: moderately high, but beware of rebounds |
### 📝 Specific operational strategy reference
Based on market analysis, you can consider the following two strategies:
- Aggressive rebound strategy (speculating on short-term long positions)
If you plan to speculate on a short-term rebound, you can refer to the following points:
*Long Entry Points**: Consider light positions when stabilizing above **112,000 USD**.
*Stop-Loss Setting**: Set below **111,300 USD**, or more conservatively below **111,600 USD**.
*Target Levels**: The first target looks towards the **113,700 - 114,000 USD** range, the second target can be seen around **114,800 USD or 115,700 USD**.
*Core Logic**: This strategy is based on the assumption that prices will technically rebound at strong support levels, which belongs to counter-trend operations and has high requirements for entry timing and risk control.
- Conservative trend-following strategy (waiting to short after a rebound)
If you believe the downtrend will continue, a more suitable strategy is to wait for a rebound and short at a high:
*Short Selling Points**: A rebound to the **113,700 - 114,300 USD** range is a good entry opportunity. If the rebound is stronger, look for opportunities around **115,700 USD or 116,000 USD**.
*Stop-Loss Setting**: Set above **114,800 USD**, if shorting at a higher position, set the stop-loss above 116,800 USD.
*Target Levels**: The first target looks towards **111,500 USD**, if breaking the 112,000 USD support, further down to 109,500 USD or even 105,000 USD.
*Core Logic**: This strategy follows the current bearish trend in the technical aspect, the risk-reward ratio may be better.
### ⚠️ Important Risks and Suggestions
In the current high-volatility market, managing risk is more important than pursuing profits.
1. Beware of high market volatility: The market has experienced a significant drop and a large number of liquidations in the past 24 hours, indicating extremely weak sentiment. Any operation must **strictly set stop-loss**.
2. Pay attention to key dividing lines: **114,000 USD** is currently a very important bull-bear dividing line. If the price can stabilize and recover this position, it may relieve short-term downward pressure; on the contrary, if continuously suppressed, the probability of a decline increases.
3. Control position and manage mentality: Currently, the market direction is unclear, it is advisable to control positions and avoid heavy operations. Before the trend is clear, **watch more and do less** may be a wise move.