#BTC

BTC Market Analysis：

The Bitcoin market has been oscillating back and forth, and the double explosion of both long and short positions is quite unfortunate! It has fluctuated around high leverage contracts, rebounding from around 102000 to around 106800 yesterday. The long positions from yesterday also successfully took profit; let's see if it will continue to rise!

In terms of trends: Yesterday's support level for the decline was right at the Fibonacci retracement line near 102000, where a decent rebound occurred. Going forward, we should pay attention to whether this wave will be sustained or if it will continue the downward trend of oscillation? The lower support still focuses on the area around 102000, as well as the bottom of the consolidation range around 100500!