Today's market volatility is severe. The price of Bitcoin has sharply dropped from the 115696 line to the 111469 line, a decline of over 4000 points in a single day. The intensive liquidation of long positions has triggered fear in the market.

From the current chart perspective, the price has broken the Bollinger Bands on the four-hour level, providing little opportunity for recovery. The hourly chart continues to show weak rebound momentum. For future adjustments, it is advisable to align with the rebound layout for short positions. Key resistance is observed in the range of 114000-4500, while the downward targets are sequentially 112000/111000, and if it breaks further, the psychological barrier of 110000 will be the next focus.

The decline has been even more rapid for the altcoin, directly testing the 4000 level, with a drop of nearly 400 points piercing through the market's long positions. The market's panic sentiment is at its peak. Avoid blind trading; if there is a rebound, opportunities can be sought around 4220/4250. The first target below is 4160, and if support fails, further attention should be paid to the integer level of 4100, as well as the earlier low near 4000 today. $BTC #Strategy增持比特币 $ETH #币安HODLer空投0G