Bitcoin has plummeted; will it continue to drop? Where to make a rebound?
The current trend of Bitcoin really feels familiar. Last time, when Bitcoin rose to 110,000, it pulled back to around 106,700 for support, experienced a small rebound, and then continued to drop, reaching the strong support around 104,000, leading to a larger rebound, as shown in the picture:
History may not repeat itself completely, but it has reference significance. Bitcoin around 106500-107000 does have certain support, as it was a low point in previous instances. If you want to make a small rebound, you can pay attention to this range. Of course, stronger support is definitely around 104000, where the chances of a rebound are greater, and the rebound magnitude should also be larger.