The four-hour chart directly shows that it's messed up $BTC
The broken shoulder line at 106.5K-107K has been pressed for a full seven days, every time it touches it, it crashes, indicating that there are plenty of people waiting to get out above.
Now at the position of 103K, it looks like it's made of paper. Did it bounce a little last Friday?
What a joke! The low-volume rebound is just a trick, it can't even form a decent bottom structure.
Look at the trading volume data yourself, in the last five days during the rebound, the buying pressure is weaker than in a bear market, big funds haven't even entered the market.
This kind of market is like a frog being boiled in warm water, 103K looks like support now, but the bottom has already been hollowed out.
If it really breaks down, can 101K-102K hold?
What a joke! At most it's just a buffer zone, if it really drops, it’s a waterfall.
A low-volume rebound is fake, if it really wants to reverse, it has to break through 107K with volume;
Wait for panic selling: if it really drops near 101K, with consecutive large bearish candles + liquidation orders, then we’ll see how this market behaves; stay light or follow the veterans to short, don’t mess around yourself.
This market is now a meat grinder, if you don’t have the skills, just be honest.
The team still has a few spots left, don’t wait until it really breaks below 100K before you think of clinging to someone for support!