The 4-hour chart of Bitcoin has rebounded from the low and recaptured the middle track, closing above it. In the short term, it has broken the weak downward trend from last weekend, but it is still currently operating within a volatile range.

The resistance at the upper track is strong, near the 110000 level, and the bearish outlook continues into the evening.

Xiao Shiyilang suggests shorting Bitcoin around 109500, aiming for 106000, and if it breaks, further down to 100000. #美国加征关税 $BTC