U.S. stock market is closed, Bitcoin continues its weakness from yesterday, continuing to decline and adjust. Currently, if there is a rebound reaching 1000 points, consider reducing positions, and focus on whether the support at 104,000 can hold.
Recently, it has briefly fallen below 104,000 several times to test 103,000. Currently, the four-hour chart is still within a downward channel, with pressure above, and the likelihood of falling below 104,000 tonight remains high.
If it is confirmed to effectively break below the 104,000 support, consider trying to go long when the price approaches the 103,000 area.
