Last night after the US stock market closed, BTC surged to the 109,000 level before fluctuating back down. The insufficient rebound momentum triggered a rise in market panic sentiment, and the panic index significantly increased. The daily chart closed with a bearish candle again, continuing the short-term adjustment trend; the four-hour chart shows a double-bottom pattern, with KDJ and MACD indicators showing slight turning signals at low levels, indicating a slowdown in bearish selling pressure. The current market has entered a wide range fluctuation pattern.

Intraday trading strategy: the core idea is to go long on pullbacks, with caution when chasing highs.
Short-term resistance levels above: 110800, 111600. After breaking through, we can look towards the next resistance zone.
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Short-term support levels below: 114400, 116000 (the numerical logic of the support levels in the original text is contradictory; please adjust the order according to a reasonable fluctuation range. If you need to maintain the original values, please let me know). When there is a pullback to near the support range and a stabilization signal appears, a long position can be arranged.

Risk Warning: Strictly set stop-loss levels (suggested 500-800 points below key support levels), be cautious of false breakout trends in wide fluctuations, and it is advisable to control position size within 10%-15% of total capital.

Big 🫓 Do not operate suggestions:
Around 107000, conservative traders enter near 106000, defend around 105400, with a target of 109000-11w, and if it breaks, continue to look at 112000.

Bounce to around 112500 for a test, defend around 113000, target 110000-109000, if broken, look at around 108500-108000 $BTC #巨鲸加仓2.5亿美元BTC