$BTC Suppression and support have been discussed continuously. Yesterday was another example, with the upper level of 106500 facing three resistance points, while the previous heavy resistance was at 108900. Therefore, last night, I confidently stated that 106100 would head south directly. As long as it breaks below 105800, the downward momentum will increase significantly. The trend is like this, but breaking 102600 without much continuation is somewhat disappointing. I initially hoped to see the lower Bollinger Band of the daily chart, but the subsequent rebound has resulted in some pullback in available space.

Overall, the trend indicates that neither the bulls nor the bears have strong continuation; it remains in a large range of oscillation. After the daily Bollinger Bands catch up with the trend structure, a relatively long parallel line has formed, suggesting a new direction is imminent. The three-day Bollinger Bands above the daily chart have already broken the middle Bollinger Band support, which will lead to a move towards the lower band. The five-day Bollinger Bands will also test the middle Bollinger Band support, indicating a major-level correction. Thus, next week, the expectation is to continue weakening. The weekend activity is minimal; we can first observe the range and wait for the weekly bands to close before making high-level placements.

In the afternoon, it remains around the range near 104200, and around 101800 there is some fluctuation.