According to the $BTC small-level K-line chart, after breaking through the EMA moving average in the early morning, it began to strengthen continuously. Multiple declines have been retracted by a single pin, indicating that support has formed below. The market trend during the day is relatively weak, showing a trend of oscillation downward. However, in my opinion, this is a normal phenomenon; a pullback is for a better rise.
Currently, the price of Bitcoin is around 103500. I personally believe that after moving down to the 103500-103400 range, it will start to rebound again. So there is no need for everyone to panic. When most people are thrown off the bus, the rebound market will begin.
