Core watershed: 118300 (1-2 hour level)
- This point is key to judging the strength of the rebound: if it doesn't hold, the rebound will lack strength; if it holds, the rebound momentum is confirmed.
Upper resistance level (after holding the watershed)
- Sequentially focus on 119260, 120310, 120955, as phase targets for upward rebound.
Lower support level (when not above the watershed)
- First support: previous low 117200 (if not broken, small level may rebound; if broken, further decline begins);
- Deep support: around 115920, 114660, 113580, which is a critical support range after falling below 117200.
Summary:
118300 as the core watershed directly determines the direction of the night trend - if it doesn't hold, focus on the lower support (117200 as the first line of defense, if broken, look at 115920 and below); if it holds, track the upper resistance levels (119260 and above). In terms of operations, focus on the breakthrough situation of the watershed, and pay attention to the gains and losses of the key points above and below.$BTC #BTC走势分析 
