Important market reminder for #美国提高关税 !

Analysis of the Current Bitcoin Market Situation:
The current market atmosphere leans towards a bearish dominance, but the price is nearing an important support area. Investors need to closely monitor the long-short power struggle in the range of 109,000 to 110,000.

Technical Analysis:
The 7-day moving average has fallen below the 30-day moving average, forming a typical death cross pattern, indicating significant short-term downward pressure.
The current trading price is below two key moving averages, which have turned into resistance zones.
The price has broken through the short-term moving average support, and the 4-hour chart shows a continued downtrend. The previously formed high point area of 116380 has become a clear resistance level, and there are currently no signs of a reversal in the downward trend.

Need to closely monitor:
Although bearish sentiment dominates in the short term, it is nearing a key support area, and it is recommended to pay special attention to the long and short battle in the range of 109,000 to 110,000.
The main support levels are set at 109026 and 108470.
The key resistance levels are at 111648 and 112992.

Operation suggestions:
The overall strategy focuses on shorting at high positions and supporting long positions at low positions.
If the price rebounds to the range of 111600-112000, consider shorting.
The downside target range is 108500-107000.

Overall, Bitcoin's price continues to trend downward today, with bearish factors dominating the market in the short term, but investors should not overlook the potential impact of the support level below. $BTC