Is it possible for Bitcoin to drop below 110,000?
-- Bitcoin is currently experiencing a downward oscillation on the 4-hour chart, and it is moving within a downward channel, with the target already breached. -- Since the weekly high, each rebound of Bitcoin has been weaker than the last, and there is currently significant divergence at this position, with resistance at 120,000 and a brief support near 117,000.
-- Ethereum is currently showing a daily top signal, with 3,900 as the resistance zone; if it breaks through again, there is a chance to reach the 40-41K level, while 3,500 has become a strong daily support!
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