Breaking support confirms the downtrend, 106800 becomes the battleground for bulls and bears!

How many brothers' hearts were broken in this wave of decline for Bitcoin! A direct drop occurred, briefly piercing the 105000 level. Although there has been a rebound currently, the strength does not seem very strong, more like a weak rebound adjustment after an oversell!

In terms of movement:

From the four-hour chart, the key support level around 106000 has been breached, and a downtrend has started to appear in smaller timeframes, so we need to reassess the market movement. From a smaller timeframe perspective, this wave of decline's rebound will confirm the downtrend as long as it doesn't rise above the 106800 position; it is expected that a new round of decline will occur soon. Conversely, if the rebound effectively exceeds the 106800 position, this decline will end. Overall, we should remain flexible according to the market movement, and our operations should also be adaptable!

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BTC Analysis: May 30, 2025 Daily Chart

#BTC走势分析