The market is expected to continue its downward trend. The high of 110,000 has become a strong resistance level for this phase, and whether it can break through will depend on market changes. Currently, it is recommended to set up short positions around 107,700, with a short-term target of 105,500, and for longer-term trades, the target can be set at 104,000.

If the trend continues, Bitcoin may further test the key support level of 95,000. This position will be an important target area for bears, so more attention should be paid at that time.

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