$BTC The battle between bulls and bears intensifies! The 107000 defense battle has begun. A drop below this level may trigger a stampede!
In the short term, the market is still fluctuating, but bears are dominant. The market may first try to break downwards to test support, or even continue to decline. Once it breaks below the crucial level of 107000 (especially the flat bottom support area), it may accelerate the decline. If this level holds, the market may continue to consolidate within the range.
Short-term attention required: If support is broken, take a light position and follow the bears, with a stop-loss set just above the breakout point; if the support holds, a short-term rebound can be attempted, but be sure to set stop-loss and target properly, and avoid chasing the rally. For medium to long-term players, hold off for now; the bearish trend is evident, and don’t rush to catch the bottom. Wait for the market direction to clarify before taking action.
Technical signals: The candlestick pattern (morning star + three black crows) shows bears are dominant, the Bollinger Bands are narrowing with the price near the lower band, indicating weak bulls; all moving averages are pointing down, with the price being pressed down; the MACD red histogram is shortening, with the fast and slow lines approaching a dead cross, indicating strengthened bearish momentum; the Alligator indicator's three lines are pointing down, suggesting a weak market.
Currently, market volatility is low, but it may suddenly change! Do not go heavy on directional bets; either take light positions to test the waters or hold back and wait for the market to choose a direction before acting!
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