Bitcoin Night Market Analysis

Good evening everyone! Looking at the daytime trend of Bitcoin, it presents a fluctuating downward trend and has broken through the previous key point. The night market situation can be discussed as follows:

Currently, Bitcoin is at the 111000 level, which is the previous low support area. During the day, after the price of the coin faced pressure at the 112800 line, it started to decline, testing the 111000 support twice, both of which failed to break, indicating that the support here is still strong. Throughout the day, it has also been suggested multiple times to build long positions based on the 111000 support.

As for the current market situation, the probability of a significant rebound is very low, so it is advisable to focus on swing trading opportunities and to enter at the right moments.
The strong resistance is at the 112800 line above, which is a key resistance level from the previous period.
The support below is around 111000, and we need to continuously observe its defensive strength.

At this stage, you can choose to operate within this range, and if a breakout occurs later, you can adjust your strategy according to the actual trend.