The market for $BTC has also initially liquidated short positions at the 105800-106100 level like overdue positions. The highest point reached around 106500. I thought last night's US stocks could continue to push the market up a bit further to provide a higher shorting position, but the result was a direct drop below the price of 105500, which then started to decline all the way down.
At the position of 102345, there was support, and it has now rebounded by over 1000. After the decline, catching the rebound also matched up. $BTC is currently hitting the 365 moving average on the 4-hour chart and the 60 moving average on the daily chart. As long as the position of 102000 holds, I believe there should still be a rebound to repair the market.
On Saturday and Sunday, market liquidity remains scarce. BTC spot CVD and contract CVD are both in a state of outflow, so the current rebound can only be considered as a rebound after last night's overselling, with bulls taking stop losses and bears taking profits. The highest position of the rebound will not break 104500.
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