#BTC

BTC Market Analysis:

The Bitcoin has still broken below the support level near 106800 in the smaller fluctuation range, with a short-term low dropping to around 105k, which also cleared some liquidity around 105k. Currently, there is a small rebound after the decline; let's see how strong the rebound is!

In terms of trends: The current low is 105k. If there is a rebound, pay attention to the resistance range of 106500-106800. As long as the rebound does not effectively break through the pressure at 106800, it indicates that the overall smaller trend is still biased towards a downward trend. If it does not return above the support of 106800, then the next liquidation point below is around 102k, which is worth paying attention to!

The short position called a couple of days ago near 108100 is still being held. According to the large range liquidation strategy, the decision is to take profit near 102k. If going long, we will see how it reacts around 102k before making a decision!