Morning View
Bitcoin faces a **directional choice**, with $107,000 as the line of life and death for bulls and bears. The technical rebound is accompanied by reduced volume and on-chain selling pressure, creating a bearish sentiment, but extreme panic may brew a chance for a rebound. The **probability of a downward break is higher than that of an upward breakout**. If it loses the $107,000 level, the target will be the range of $102,800-$106,300; if it stabilizes above $108,200, it may rebound to test resistance at $109,500-$110,000.
