Current price 119400, directly monitor! 1-hour "death pin" confirmed
Rebound to the 119800-120200 pressure zone + 4-hour MACD top divergence
Strict stop loss above 120500, target position 117800→116100
Long ambush area
Key watershed: Breakthrough and stabilize above 120000 for 2 hours
Support level stabilizing at 118600
Conservatives place orders for breakout at 120100 to chase long, stop loss at 119300
Core market logic
Long-short lifeline: 120000 is the bull-bear divide, the 11.6-12W box has oscillated for 87 hours
On-chain data shows: There are 23,000 BTC sell orders above 120,000
After a surge of 4000 points, RSI overbought correction demand is strong
Emergency alert
Current volatility index has surged by 35%, be vigilant for pinning during the Asian session! It is recommended to use "breakout order + OCO strategy" for two-way layout, refuse to hold positions!
