Today, the BTC market has quickly declined, currently operating in the range of 112,400–112,600. Market sentiment is bearish, but key support and resistance remain clear:

Support range: 116,000–117,000
→ If it holds, there is still room for a rebound; if it breaks, it will test 110,000 or even lower.

Resistance range: 119,800–120,500
→ If the rebound fails to break through this area, it is a good opportunity for a short position.

🎯 Operating Strategy

Long position layout:
Buy in batches at 116,800–117,200, stop loss at 116,000, look down to 119,000.

High-altitude layout:
Short at 119,800–120,500, stop loss at 121,200, look down to 118,000–117,000.

⚡ Risk Warning
The market has entered a critical turning point, with no clear winner between bulls and bears. Both long and short positions can be executed, but stop-losses must be in place, and blindly chasing orders should be avoided.