Today, Bitcoin is just over 110,000. The short-term is in the "breathe after the fall" stage. Going down, 109,500 and 108,000 are both easy "steps" to fall onto; if it drops below 108,000, it could slide directly to 104,500 or even the psychological barrier of 100,000.
The indicators look quite weak: all moving averages are pressing down from above on the 4-hour level, and the Bollinger Bands are widening downwards, indicating that the fluctuation is not over yet; on the 30-minute level, MACD and RSI don’t show much bullish strength.
The probability of continuing to be beaten in the short term is high. Those who have positions should fasten their seat belts. If it breaks below 108,000, be prepared to cut again; those without positions can wait for it to stabilize first and not rush to catch a falling knife!
Personal operating suggestion: go long near 109,300, add to the long position at 108,400, with targets of 111,300, 112,800, and if it breaks through, look for 114,500! $BTC