Midnight BTC Outlook
Key Support: Price violently breaks below $108,200 (triangle lower bound + on-chain liquidity pool), 4-hour level confirms **Head and Shoulders Pattern** (Left Shoulder $109,500, Head $110,700, Right Shoulder $109,000), theoretical downside target points to $105,000
Trend Analysis
Scenario 1: Death Spiral
Trigger Condition: Price drops below $107,000
Collapse Path:
First Stop: $105,500-$106,000
Ultimate Bottom: $102,800-$103,500
Scenario 2: Technical Pullback
Trigger Condition: $107,000
Rebound Ceiling:
$108,200-$108,500
$109,000 (Head and Shoulders Neckline, cannot break through)
Actions
1. Ultimate Short Strategy
Current Price Short: Add short positions at $107,500-$107,800, stop loss at $108,500.
Target Levels:
- First Target $106,000
- Second Target $103,500
2. Long Strategy in Risky Situation
Daredevil Condition: Price reaches $103,000
Daredevil Action:
5% position to bottom fish, stop loss at $101,500, target $107,000 (escape at rebound).
