#比特币减半完成

BTC 12-hour closing, the price closed at 107,400 USD,

with a low of 105,000 and a high rebound of 107,800, a rebound of 3,800 USD shows considerable strength. Based on several factors: 1. The technical pattern itself has support at the 105,000 pullback. 2. The non-farm payroll expectations on Thursday are likely to be positive.

Therefore, after the pullback, a quick rebound is expected. On Friday, there is also a final approval time for a Bitcoin proposal, which may pass. However, even if the immediate news prompts a forced rebound, it cannot last too long; there must be real monetary funds buying in to push Bitcoin towards 110,000, otherwise, everything is in vain.

In the short term, focus on the densely concentrated area above, which is also the area where short positions are being liquidated, specifically at 109,300. One can lay down short positions in the range of 108,500-109,300, while temporarily not considering long positions for a small pullback; rather, wait until the lower range of 104,688-103,688 to start accumulating.

If the news lands and Bitcoin hasn't broken through 109,000, it may drop rapidly. Therefore, the overall bearish trend remains unchanged; do not be fooled by a temporary rebound.