During the night trading session, Bitcoin successfully broke through the first resistance level but then quickly dipped below the second support level, subsequently starting a rebound at the hourly level. The critical watershed for the current market is the price level of 109040: if the price can stabilize above 109040 within a 1-2 hour period, it suggests the end of the short-term correction phase, and the market is expected to regain its upward momentum. Key resistance levels to watch above are 110400, 111285, and 111960; conversely, if the price cannot hold above 109040, it indicates insufficient upward momentum in the small-scale rebound, and it is highly likely to test lower levels again, with support levels at 107450, 106510, and 105090 respectively.
Summary: 109040 is the key level for determining the short-term trend direction of Bitcoin. If it holds above this price, it indicates a bullish outlook, and a breakout of resistance is expected; conversely, if it fails to hold, one should be cautious of the risk of further price declines towards support levels, and traders can flexibly adjust their strategies accordingly.$BTC #BTC走势分析 
