Bitcoin broke through and retested yesterday, the previous resistance zone of 106000—106500 has now switched to support, and the market is gaining momentum again. Subsequent attempts to break through the 61.8% level were unsuccessful, leading to a sharp decline. Currently, bearish sentiment remains strong, and the rebound is approaching resistance. Pay attention to the support area below for flexible operations.

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Trading Plan:

1. Pay attention to the resistance outcome near 107400—107900, break through and chase the rise, or face pressure for a short position;

2. Pay attention to the support outcome near 106500—106000, break down and chase the decline, or wait for a stop and then go long.