Morning BTC thoughts

The key resistance level is in the range of $118,000-$119,000. If it cannot break through, it may pull back to the support range of $115,500-$116,500; if it falls below this level, it may further test $113,000-$114,000.
The hourly chart shows the Bollinger Bands narrowing, MACD bullish momentum weakening, and the KDJ indicator forming a death cross, indicating a risk of consolidation and pullback. The daily chart has repeatedly closed with doji candles, and caution is needed regarding the validity of support around $117,000; if it breaks, it may trigger a technical sell-off.
Short-term: Focus on the breakthrough direction of the $116,000-$119,000 range, avoid high leverage chasing the rise, and consider building positions in batches at support levels.
Medium to long term: Mainly hold spot assets, participate using ETFs (such as IBIT) or low-leverage tools, and be cautious of policy and liquidity changes.
Risk Control: Set stop-loss levels (e.g. $113,000), avoid emotional trading, and diversify allocations to hedge against volatility.
Currently, BTC is in a technical adjustment phase within a long-term bull market, needing to digest profit-taking pressure in the short term, but the Federal Reserve's policies, the depreciation of the dollar, and institutional accumulation still remain core supports in the medium to long term. #BTCÐ Launchpool收益超3%#