Market Trends and Trading Strategies

The market fell yesterday, breaking the consolidation range, with a low of 108660, currently weakly consolidating at 112300, with a narrowing range.

Key Levels and Predictions

• Support: Focus on 110000, a break may lead to a pullback to 109000.

• Technical Analysis: The four-hour rebound encounters resistance at the middle Bollinger Band, bullish momentum is weakening, weak consolidation may continue, and there is still pressure for a pullback.

Trading Recommendations

Consider short positions at 112000 during the rebound, target 108000; pay attention to the resistance at 112300 and the strength of support at 110000, and adjust strategies promptly if key price levels are breached. $BTC