Hello, dear investors, we have entered the second half of the year and hope everyone can achieve good results in the days to come.

Let's analyze the current market conditions of Bitcoin (BTC). Right now, we need to closely monitor the key level of $107,630. Only if the price can stabilize above this level and form a valid retracement on the 4-hour chart can we expect to see clear signs of a rebound. If a rebound occurs, we should pay attention to several important resistance levels above: $108,490, $109,110, and $110,270.

However, if the price cannot reach or break through the key level of $107,630, it may indicate that the short-term rebound lacks sufficient momentum. In this case, we are likely to see the price continue to decline. If this happens, we need to pay attention to the following potential support levels: $106,220, $105,745, and $104,850.

The market changes rapidly, and as investors, we need to remain vigilant and closely monitor market trends. Whether it's an upward or downward movement, both contain opportunities and risks. I hope this analysis can provide some reference for everyone, wishing you all a steadier and more long-term journey in your investments.