BTC Today's Market Analysis:

Bitcoin is still under pressure between 120,000 and 121,000. If this pressure is not broken, it may continue to fluctuate or push the hourly structure to turn bearish; if broken, we look for new highs.

Support below focuses on the previous low of 115,800. If this low is not broken, the structure remains bullish, but if it breaks, we look for an equal distance drop to 113,500, which is a potential bullish position.

Trading Thoughts:

We still see fluctuations between pressure and support. Confirm the direction after a structural break. Currently, the main strategy is to sell high and buy low.