Let's talk about $btc

Don't worry about whether it will reverse; it's just a rebound market, whether it's a big rebound or a small rebound.

Now, a slight adjustment has begun again, and this adjustment is crucial; it directly determines whether the rebound continues or if we will hit a new low first.

There are two key support levels below: one at 110200 and another at 109300. If the 110200 level holds, and the price breaks through the 111100 level again, then the rebound continues, and we look bullish. If the price directly breaks below the 110200 level, it will likely drop to around the 109300 level. As for whether it can hold? I think it probably can. There is still some hope for support at this level.

Of course, if the 109300 level also fails to hold and the bears exert pressure, the price will continue to target the bearish range of [107500-108300].

The pressure above is the 111100 level mentioned earlier; only by breaking through and stabilizing here can the bulls continue to push upward.

As for today's market, I believe both shorting at high levels and buying at low levels are viable strategies, as it is inherently a relatively low-level oscillating market.