#BTC

BTC Market Analysis：

The recent drop in Bitcoin seems to be within expectations, as mentioned many times before, the overall trend is leaning towards a downward trend. The big players also publicly laid out short positions half a month ago and have been holding them!

Currently, after breaking below 100,000, we have seen a rebound. Here we can pay attention to the smaller time frame movements. If we see a wave pattern, then this rebound to around 103,000 is very reasonable, especially since the upper edge of the CME chart gap is also around 103,000, and the EMA resistance is at that position as well!

Therefore, the current focus for the rebound is very clear, just pay attention to the reaction around 103,000. This is also a support level from the previous drop, and everything aligns. Next, we will see how the big players move!