BTC Afternoon Market: Uncle Feng takes a cautious bearish view in the short term, responding rationally shows more composure

The BTC market in the afternoon stirs emotions, senior analyst Uncle Feng combines multi-dimensional analysis to provide a short-term bearish outlook—not denying long-term value, but reminding that one must be wary of retracement risks, providing rational references for investment decisions.

From a technical perspective, BTC has recently fluctuated between $108,000 and $112,000, with the daily line showing an 'inverted hammer' pattern, having fallen below the 100-day moving average. If it cannot quickly recover the resistance level of $109,500, it may test the support at $105,000. At the same time, the cost line for short-term holders has been broken, which may trigger selling pressure and requires more attention.

On a macro level, uncertainty has also increased: the Federal Reserve's vigilance regarding inflation, the short-term volatility of regulatory policies, combined with the fear and greed index dropping to 39 (fear zone), all put BTC as a high-volatility asset under more tests.

In terms of operation, Uncle Feng offers advice: short-term traders can short near 110800−111000, targeting around 109800−108500.

However, the cryptocurrency market is ever-changing, so it is essential to manage risk and set reasonable stop losses while trading. #BTC☀