BTC Short-term Market Analysis: Key Game After Breaking Below the Lower Band Based on the current BTC 4-hour candlestick chart combined with the Bollinger Bands indicator, the price has broken below the lower band (111188.01), reaching a low of 109899.99, with bearish momentum clearly increasing. The Bollinger Bands show a downward opening shape, with the middle band at 111315.67 and the BBI indicator line (current price below 110183.55) creating double pressure. If the rebound cannot effectively break through the middle band, the short-term downward trend is difficult to change.

Key support is seen in the 109900-110000 area. If it stabilizes here and rebounds with volume, it may test the 111000 resistance level; however, if it continues to lose 109900, it may further test the 108500-109000 range. MACD and trading volume need to be observed in conjunction: if the rebound occurs with reduced volume, the likelihood of a pullback is high.

In terms of operations, short-term positions can be taken with small amounts to gamble on oversold rebounds, but strict stop-loss settings are necessary; the medium-term still needs to wait for right-side signal confirmation of stabilization. The cryptocurrency market is highly volatile, so it is essential to control positions and avoid blindly bottom-fishing.