From the daily timeframe, it shows that the market is balanced by the power of the long and short sides, but the overall trend is slightly bearish. The MACD indicator shows that the bears are gradually gaining strength, the RSI indicator is below 50, indicating that the market is in a weak position, and the KDJ indicator is hovering at the low level, suggesting that there may be a short-term rally, but the strength is limited. Judging from the 4-hour chart, the momentum of the short-term decline is still strengthening, and there is no obvious sign of weakening. The divergence of quantity and energy is far lower than the recent average, indicating that everyone is waiting and watching and does not dare to enter the market easily. Now the situation is bearish, the risk is greater than the opportunity, especially to be wary of the risk of falling below 108000, if you want to reverse, you must first regain the short-term mid-track 109200 position. Focus on the upper position of 109200 and the lower support of 108000 From the 1-hour chart, the price fluctuation range is similar to the 4-hour chart, and the overall trend is still weak. The short-term moving averages are arranged in a bearish position, indicating that there is still a downside risk in the short term. The MACD and RSI indicators both show that the market is weak, while the KDJ indicator at a low level may trigger a short-term rally. Bitcoin prices may continue to fall in the short term, but the support below is strong, and the market has the potential to rebound. There will be new developments in tariffs in Europe and the United States today, and unemployment data will be disclosed in the evening, which will have a short-term stimulus on the market. Although the overall trend is still biased towards the upside, there are short opportunities in the day, and there are long and short opportunities in the short term. Focus on the upper 109200 and the lower support at 108000.