$BTC There was not much market activity over the weekend. Let's talk about the overall trend. Since BTC started a bearish trend on the daily chart, every rebound has basically not broken the daily bearish trend, and it has now formed a large descending channel.

Affected by news, BTC quickly fell directly to the 100,000 mark, which is a very important neckline position, and began a rapid rebound. I didn’t expect this rebound to be so strong; it even rebounded over the weekend. I had a short position around 103,000 that has already hit the stop loss, but this is also normal speculation; no one knew it would rise over the weekend.

There was no pullback at all, and it completely consumed the previous decline. Market sentiment is still relatively good. The 100,000 mark is not so easy to break. Starting from today, the rebound has already exhausted its strength. At the current rate of adjustment, BTC may rebound to around 106,400 and then start the next wave of pullback. Because, from the current perspective, if BTC reaches this position, it will touch the upper edge of the descending trend line. According to the liquidation heatmap, a lot of fuel has accumulated at the 107,000 position.