BTC is currently showing a weak trend. Yesterday, I thought it could rebound to around 116,000 USD before starting to drop again, but unexpectedly it just fell directly.

The reason is clear; the previously anticipated interest rate cuts turned out to be negative news, which led to this drop.

Currently, there are signs of a bottoming out in the smaller time frames, but we still need one more spike. Therefore, it might be worth considering placing a buy order near 108,000 USD; if we can get in at this level, it will be relatively safer.