#BTC

BTC Market Analysis:

The major cryptocurrency has encountered resistance again during its rebound. The current trend is still quite poor, with no spot trading volume to drive it. The biggest focus right now should be on the long and short position ratio in the futures market!

On the chart: After breaking below the previous support range, yesterday's rebound did not return above that range. Instead, it formed a current short-term pressure zone. Therefore, we need to pay attention to the previous low points. If it drops again, the small-scale downtrend will continue, and there is a risk of falling to 112k!