After the early morning big pie of $BTC dipped to around 106000, it stopped falling and rebounded to a high of 107727. It then formed a one-sided downward structure in a smaller scale, and is currently oscillating around 105500. The Auntie dropped to 2524, then rebounded to a high of 2617 before entering a correction, and is currently oscillating below 2550.

#Cryptocurrency Market Rebound

Overall, the market is experiencing significant selling pressure at high levels due to fundamental influences, with rapid release of energy followed by a weak rebound, indicating clear testing of lower support levels.

The daily candlestick still shows a pattern of wide oscillations. After breaking the mid-track upward yesterday, the long upper shadow of the bullish candlestick indicates that the influence of fundamentals remains strong.

On the four-hour line, there is currently a key contest around the 105500 level. After the upper track tends to run parallel, the technical indicators maintain a downward trend. There is considerable downward pressure, and after breaking the mid-track, we need to first observe the continuation of the energy release. If it breaks through the previous starting point of 105500, it will lead to a sustained downward trend.