#BTC

BTC Market Analysis：

The major cryptocurrency has begun to show sideways adjustments at this level, and with insufficient liquidity over the weekend, this sideways movement is quite reasonable. Last night, the rebound was supposed to hit the pressure point of short positions around 106600, but it was just a bit short of being filled, so we are waiting for opportunities!

As mentioned in yesterday's lower time frame charts, this could potentially be a head and shoulders bottom pattern. However, the conditions for its formation are strict and it needs to rebound to a new high nearby to form perfectly. Therefore, viewing this wave as a new downward trend is relatively better. Pay attention to the rebound highs and whether the decline can break below 102600 again, forming a new lower-level five-wave downward movement!

The short position around 109500 in the BN account is still being held, just continue to keep an eye on it!