110300 has become a critical watershed for the fierce confrontation between bulls and bears. The gains and losses at this level will directly influence the short-term market direction, making it essential for everyone to pay close attention to the performance of various time frame candlesticks at this price level.
Bullish strong pattern
If BTC can consistently hold above 110300 during the nighttime pullback, it indicates that the bulls firmly control the market's initiative in the short term, and the current upward trend is expected to be further solidified and extended. In this scenario, the bulls may launch an assault on higher targets, with the upper resistance level to focus on being the previous high of 111866. This price level is not only an important resistance area for the previous market uptrend but also accumulates a large number of profit-taking and trapped positions, becoming a key obstacle for the bulls to break through. If the price fails to break through this level, a pullback trend is expected in the short term; if it successfully breaks through, Bitcoin may start a new journey of exploring historical highs, opening up a new upward space.
Bearish dominant signal
Once BTC pulls back and breaks below the critical support level of 110300, it is expected that a pullback trend will swiftly commence on the 1 - 2 hour level, with bearish forces dominating the market, facing clear adjustment pressure in the short term. The lower support levels of 109155 - 107670 - 106100 will successively become important defenses against bearish incursions:
- 109155: Primary support: This position is formed by short-term moving averages providing technical support, which can offer initial cushioning for the price and slow down the downward speed of bears;
- 107670: Psychological defense line: This level has acted as a key support multiple times in recent price fluctuations, bearing the important psychological expectations of market participants. If broken, it may easily trigger a panic selling wave;
- 106100: Strong support level: Multiple period moving averages converge here, forming the core area of contention between bulls and bears. Once effectively lost, it may trigger a deeper downward trend, exacerbating market pessimism.
Summary
The gains and losses at this critical price level of 110300 are the core points for analyzing BTC's nighttime trend. If the price can effectively stabilize above this level on smaller time frame candlesticks, bulls may challenge the resistance level of 111866; if it cannot hold, one should be wary of the risk of the price pulling back to the 109155 - 106100 area. The volatility is intense and filled with uncertainty. It is recommended that everyone closely monitor the changes in small time frame candlestick patterns, strictly implement stop-loss and take-profit strategies, and reasonably control their positions!$BTC #比特币突破11万美元 #BTC再创新高 #BTC走势分析 
