#数字货币市场回升 The Bitcoin market is currently in a crucial period of intense competition between bulls and bears, with the price hovering around the 115470 area. Technical Analysis indicates that the 117200 level may become a key turning point for market direction.

The 117200 resistance zone combines pivot points and previous high pressure, creating a relatively ideal short entry opportunity. Investors may consider gradually building short positions in this area. If the Bitcoin price continues to rise, positions can be increased at the two price levels of 118000 and 119000. It is recommended to use a decreasing position size strategy, with the first addition accounting for 50% of the total position and the second for 30%, ensuring that the overall risk does not exceed 5% of the account funds.

The initial investment should be controlled within a risk exposure range of 1-2% of the account, and the leverage should not exceed 5 times. The downward targets to watch are the three support levels of 112800, 111400, and 110000. Profit-taking can be implemented in phases, closing 40% of the position at the first target level, reducing the remaining position by 35% at the secondary target level, and finally fully closing the position at the third target level.

In terms of risk control, the stop-loss level should be set above the 120000 integer level, and a dynamic trailing stop-loss mechanism should be implemented. That is, when the price moves in a favorable direction, the stop-loss level should be adjusted to a distance of 1.5 times the ATR. If unexpected favorable factors lead to a price rebound, consider using 20% of the position for hedging protection.

It is worth noting that the hourly RSI indicator has entered the overbought zone, while the MACD shows signs of divergence. These technical signals suggest that there may be a risk of market correction. However, trading strategies should maintain flexibility and adjust in a timely manner according to actual market conditions. Ultimately, strict risk management and disciplined execution are fundamental to long-term survival in the market. Regardless of how the market fluctuates, risk prevention should always be the top priority. $BTC