BTC is currently in a defensive phase within the 106000-108000 range after pulling back from the 110000 high. Yesterday, the daily candle closed as a solid bearish candle but did not effectively break below the key support at 106000.

From the 4-hour level, if it breaks below this level during the day, the first major support to watch is in the 104500-105000 range; if it accelerates downwards, it may test the 103500-104500 area before experiencing a short-term rebound.

Key resistance to focus on above is in the 109000-109500 range, and it is expected that there will not be an extreme waterfall drop of ten thousand points during the day, with the trend likely dominated by oscillating downward movements. $BTC #比特币2025大会