The rebound short layout from yesterday's Bit was also a short-term gain of nearly 2000 points. Today, the 109000 level could not hold, and the bears broke through, showing weakened bullish momentum, forming a small bearish pattern;

Tariffs ultimately remain a negative factor, and the Federal Reserve hasn't loosened, leaving a weak foundation. Moreover, the overall cryptocurrency market has risen so much since April. My ultimate target remains the CME gap at 93000;

Personal opinion: aggressive traders should short above 108000, while conservative traders should short above 108700. The short-term target is 106200, followed by 105000, 100000, and 98000! $BTC