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Recently, the Bitcoin market has shown significant fluctuation. After breaking through the 121200 mark yesterday, the price has shown a downward trend, providing sharp investors with profit opportunities.
Currently, Bitcoin has fallen significantly from the 124500 area to around 117000. Although there was a rebound afterwards, the strength was relatively weak, and the overall downward trend has not been effectively reversed.
For the day's market, it is recommended to pay close attention to whether the resistance level of 119500 can be effectively broken. If this level is not broken, investors may consider shorting. The support level below to watch is 116800; if this level is broken, the next key support level is around 115700.
The market changes rapidly, and investors need to closely monitor market trends and adjust their strategies in a timely manner. At the same time, it is also important to control risks and set reasonable stop-loss levels to cope with possible severe fluctuations.