Core Watershed
- 114760: This position is the core of the short-term bull-bear boundary. Stabilizing above it tends to favor a rebound, while failing to do so tends to favor continued adjustment.
Above the watershed (bullish scenario)
- Support Conversion: After stabilizing at 114760, this position can be regarded as the basic support for a short-term rebound. It needs to be held to advance towards the pressure level.
- Upper pressure levels: 116800, 117880, 118560 (These are key resistances in the rebound. They need to be broken gradually to open up upward space).
Below the watershed (bearish scenario)
- Direct support: Previous low of 113510 (Important support for the first decline. If lost, the adjustment range may expand).
- Further support: 112750, 111860, 111100 (If the previous low is broken, these positions will become subsequent stepped support references).
Summary
1. Watershed Effect: 114760 is the core point to judge the direction of the short-term trend. Its breakthrough or pressure directly determines the operating logic - bullish if it stabilizes, bearish if it is under pressure.
2. Bull-Bear Response:
- Bulls need to pay attention to the rhythm of breaking through the pressure level after 114760 is stabilized, with 114760 as the bottom line for support;
- Shorts need to be wary of whether 114760 is effectively under pressure. If it breaks through the previous low of 113510, you can further track the defense of the stepped support below.
3. Risk Warning: Short-term point analysis depends on the price's reaction to key levels. Operations need to be combined with factors such as trading volume and market sentiment. Avoid relying on a single point and make a good stop-loss and take-profit plan. $BTC
