Although there was a rebound after a rapid decline yesterday, it was of no avail. Currently, the daily line shows a lower shadow, with strong selling pressure, and the bears are dominant, so caution is required when going long.
If it falls below 110,000/4,200 again, there will be further downside risk. Currently, upward momentum is weakening, and the overall trend is slightly downward. If going long, it is still advisable to refer to 108,000-108,500 and 4,150-4,180.
A short position is preferred during intraday rebounds, with 111,500-112,000 and 4,350-4,380 short, targeting 109,000-108,500 and 4,210-4,180. $BTC
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