#BTC

BTC Market Analysis:

The larger trend seems to be losing upward momentum on a smaller scale, and there are indications of a potential downturn. However, let's first focus on the critical central support level of 106800 to see if it can hold. Only if this level is effectively broken will we look for a downward trend!

In terms of movement: The overall trend is weakening, but we are still above the central level, though we have returned to a smaller range of fluctuations. We should also pay attention to the results of this fluctuation range and the changes in liquidation data; the next direction is likely to be driven by futures liquidation actions!

However, the overall view still leans towards a bearish stance, especially since the U.S. stock market has reached new highs. If there is a sell-off, it is likely to lead to a decline in Bitcoin!