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1. BTC Current Price Structure Analysis and Judgment
Taking BTC/USDT perpetual as an example, the short-term bullish-bearish watershed is: 118863.
(1) Above 118863, the short-term retreat and震荡 has ended, and the bulls are gathering strength to attack 119816 and 123300. Pay attention to short-term bullish turning point model trading opportunities during dips; if it stabilizes above 123300, a new round of bullish wave market will commence.
(2) Below 118863, continue to be bearish in the short term, pay attention to short-term bearish turning point model trading opportunities on rallies;
(3) Above 119816, the bulls are strong and may launch an upward attack at any time. It is not recommended to short easily during the bullish attack process.