The rebound of Bitcoin in the past two days has been weak to the point of being unremarkable.
After the liquidity return, the bulls have not shown any significant renewed strength. Funds in the market quickly flow out again after each small rebound, and the inflow of ETF funds is pitifully small.
The short-term adjustment has extended to the daily level. The speculation on the expectation of interest rate cuts for the future market has entered a phase turning point.
After the sudden increase in bear volume breaking below 117 in the morning, it began to accelerate downwards, and there are no obvious signs of a stop in the small timeframe.
In a declining market, one can only wait patiently for the flowers to bloom, waiting for the end of the pullback and stop before entering on the right side.
Bears need to act quickly to take profits when chasing down.
In the evening U.S. stock market session, pay attention to whether the daily support around 112 can hold. If the bears continue to increase their volume, observe the price performance around 109 below.
Resistance above
116800/117500/118600/119500/120600/121860/
Support below: 115000/112000/108000