Tuesday Morning Bitcoin (BTC) Trading Strategy: Continuation of Bearish Trend, Look to the Downside

Overnight, Bitcoin prices once again experienced a significant drop, and the key support level of $110,000 was ultimately lost. The current market clearly shows a bearish dominance, with overall trends exhibiting significant weakness and the downward trend unchanged.

From a technical perspective, market bearish sentiment is strong, with bearish patterns present across all time frames. Bullish strength has clearly dissipated, and there is a high probability of continued downward momentum during the day. Close attention should be paid to further price declines.

Trading Recommendations

• Short Position Setup: It is recommended to establish short positions around the $110,500 level.

• Target Levels: First, focus on the $108,000-$107,000 area below; if this area is effectively broken, it can further look down to $105,000. #币安Alpha上新