#加密市场回调 Bitcoin's recent trend shows a relatively clear operational logic. The day before yesterday, after the US stock market opened, BTC rebounded upwards to around the 113800 area, just touching the middle band of the three-day Bollinger Bands. However, this position quickly formed pressure, causing the price to decline rapidly. During the daytime, BTC oscillated and repaired above 107000, but it has now fallen below this key support level.

From a technical perspective, the three-day EMA has formed a death cross pattern. Although the downward momentum has temporarily slowed, the downtrend is expected to continue by the close tomorrow, making the possibility of a direct rebound in the short term quite low. Analyzing from the daily chart level, the Bollinger Bands are opening downward, and the MACD indicator shows that bearish strength continues to increase, with both lines positioned below the zero axis, further confirming the bearish pattern.

The key support level that the market needs to focus on currently is around 105800. If this level is effectively broken, the market may face a larger adjustment in the future. Therefore, the current trend mainly revolves around a downward trend, and seizing the rebound to short has become the main trading strategy.

In terms of operational advice, attention can be paid to the upper range of 109500-109000 and 112300-111500 for potential short opportunities. The support levels below are 108800, 108300, 107800, 107300, 106400, and 105800 in sequence. If there is an effective fall below 105800, caution should be exercised regarding the subsequent downward space of 500-5000 points.

$BTC