Yesterday's 'breakthrough' of Bitcoin was fake and misled people. Now, except for the weekly chart that hasn't closed yet, all other major time frames show that bears are dominant.

Currently, the key level to watch is $100,300. If it can hold above that, there might be a chance for a short-term rebound. If there is a rebound, the maximum resistance above is around $105,400.

But what really determines life and death is the weekly closing this week! ** If a large bearish candlestick is formed and it 'engulfs' the doji from the previous two weeks, then it will ** solidify the downtrend at the weekly level.

Once the weekly trend turns bearish, the previous bullish technical patterns will become invalid. ** The price is highly likely to plunge down, targeting around $98,000, or even $96,000. In simple terms: the short-term rebound depends on whether $100,300 can hold, but ** if the weekly closes with a large bearish candle, a crash is imminent. #BTC #加密市场回调