Uncle Feng's Afternoon BTC Market Analysis: Bearish Perspective and Trading Strategy

The current BTC price is 108,400, with frequent market fluctuations, and investors are extremely concerned about its subsequent movements. Uncle Feng continues to maintain a bearish view from a professional perspective, providing unique analysis and strategies for everyone.

From the perspective of technical indicators and market capital flow, bearish signals are evident. In the technical charts, key moving averages are turning downward, creating a suppressive situation, and the price is significantly exhibiting characteristics of operating within a downward channel. On the capital side, there are clear signs of outflows from major funds, and the actions of large fund holders reducing their positions have intensified the bearish atmosphere in the market.

Based on this market assessment, Uncle Feng offers trading advice: position short around the 108,600−109,000 range, with a target looking towards 107,600−106,300. Of course, the cryptocurrency market carries high risks and volatility; investors must combine their own risk tolerance, set stop-loss and take-profit levels reasonably, control their positions, manage risks well, and invest rationally. #BTC☀