Today’s BTC analysis

Click on the blue text "Encryption Dream Builder" above to follow me to learn more about encryption market trends

🔍 Technical aspects & key points

• 
  Support level: The range of $111,000 ~ $113,000 is the key support that is currently widely watched. A break below could trigger a deeper correction.
  
• 
  Resistance level: Near high $116,000 ~ $118,000 is the first line of defense. If it breaks through the volume, it may try higher again.
  
• 
  Volume energy and sentiment: Although the price did not fall sharply, the trading volume and on-chain activity did not expand strongly, which shows that the "strong rise" has not yet fully started.
  

🎯 Practical perspective: coping strategies

• 
  If you do intraday/short term:
  
• 
  You can observe it close to the support area ($112,000-$113,000) and consider entering if there is a rebound signal.
  
• 
  The stop loss must be maintained: if it falls below the support zone, consider leaving the market.
  
• 
  If the price reaches resistance near $116,000-$118,000, you may consider reducing your position or setting a take-profit.
  
• 
  If you do swings/positions:
  
• 
  The current stage is "waiting for confirmation of rebound", so there is no need to rush to fill up your position.
  
• 
  If the resistance is broken and the volume can keep up, you can consider gradually building a position.
  
• 
  If support fails, be prepared for a larger retracement.
  

⚠️ Risk warning

• 
  Macro risks: such as interest rates, US dollar strength, regulatory policies, etc. These external variables still have a greater impact on BTC.
  
• 
  False breakthrough trap: When the price is close to the resistance but the volume is insufficient, it may be a "false breakthrough" to lure you to chase higher, and it is easy to get trapped.
  
• 
  Support Failure: If the $111,000 range fails to hold, the retracement may be larger than expected.