⚠️⚠️Attention!! Bitcoin has currently reached a key turning point. Previously, after breaking through the resistance level of 108,000, it set a historical high. Now it has fallen back to this position, which has become the support level for the current market. If it breaks below this level, the potential for a decline is substantial, but the likelihood of breaking below is not high!

The drop of 83369507019 has not confirmed the start of a downtrend; it is likely just a high-level fluctuation, merely transitioning from one range to a higher range. Whether it can stabilize will depend on the upcoming market trends.

When trading, especially in short-term trading, it is essential to have an overall judgment on the upcoming market trends, and more importantly, to understand where the current Bitcoin price stands in the market.

For example, if you believe there will be high-level fluctuations ahead and Bitcoin is currently at a low point in the fluctuation range, then going long has a favorable cost-performance ratio. If you believe it will break below this level and continue to decline, then going short also has a favorable cost-performance ratio. If it is not a critical turning point, trading generally does not have a good risk-reward ratio, and patiently waiting for opportunities is the best strategy.

Currently, Bitcoin is at a low point in high-level fluctuations. The current situation seems to be a correction after breaking the historical high some time ago, and it is not a genuine decline. Conservative traders should refrain from trading and patiently wait for more clear turning signals to emerge before taking action.

Aggressive traders can take the opportunity to go long at lower levels, as the current position is a crucial resistance level from the last upward move and is now a strong support level. The upcoming period of fluctuation can be considered a high-probability event, and short-selling is not recommended.