Tuesday Morning Thoughts: Overnight Market Plummets, Watch for Continuation of Bearish Trend
The overnight market saw a significant drop, and the support level of 110,000 was ultimately unable to hold. The current situation clearly shows that bears dominate the market, and the overall momentum is weak.
From a technical perspective, bearish sentiment is strong, with bearish alignments present at all levels. Bulls are struggling to reverse the downward trend, and it is essential to pay close attention to the bearish momentum during the day.
Suggestion: Open short positions above 110,500 for Bitcoin, targeting the area below 108,000. If this area is breached, further targets may look towards 105,000#美联储降息预期 $BTC .