9.26 Bitcoin Midday Thoughts

The large candle yesterday caused the price to directly break below the 110000 mark, which also established the development of a bearish trend. The previous strong support level at 111000 has now converted into a resistance level. In the short term, attention should be paid to the suppression at 110000, and subsequent layouts should follow the trend. A slight rebound can continue to sell short.

Operation Suggestion: Sell short directly around 109400, and if it unexpectedly reaches 109700, add to the short position. Protect at 110300, with a target of 107000.