From the daily chart, Bitcoin shows a continuous downward trend, forming a significant large bearish candle. This trend has gradually spread from smaller timeframes to larger ones, and this drop marks the first time it has touched the 100,000 level. Overall trend analysis indicates that a three-wave downward structure has been completed, and a downward channel has been established. From the four-hour structure, Bitcoin's bearish momentum is increasing, and the 100,000 level is crucial; in the short term, we need to pay attention to the stability of the support level below.
Bitcoin 102500🈳, looking down at 100500
