Bitcoin Market Analysis
1: Weekly double top, false breakout below 110,000, daily bearish engulfing at the top structure, breaking below 106,800 confirms the top structure.
2: Small-scale rebound with low volume, strong support at 106 on the 4-hour chart, if it holds, will rebound upwards.
3: Bitcoin has seven consecutive green candles on the weekly chart, a large red candle could appear at any time, the higher it goes, the more people will sell.
4: The market maker is preparing to liquidate long positions, breaking below 106,000, unable to go up, must exit.
