BTC Yesterday Review: Yesterday, BTC's market showed a typical oscillating washing pattern, repeatedly testing the support near $103,600, but the rebound strength significantly weakened, failing to form a strong recovery.
Unlike the previous rapid rebound trend, the recent fluctuations, although seemingly intense, are actually showing a gradual decline in momentum—repeatedly touching the bottom support but unable to push the price away from the danger zone, indicating insufficient confidence from the bulls.
If it continues to consolidate in the $103,000-$104,000 range, once market sentiment worsens or macro negative news develops, breaking the support could accelerate the drop towards the psychological level of $100,000, or even deeper.