527 Technical Key Points Analysis:

BTC:

The analysis from the day before indicated a bearish outlook for Bitcoin around the 110000 level, which fell to around 107300, while a bullish outlook was provided for 107500, leading to a combined profit of over 3500 points;

On the daily chart, a bullish candle with a long upper wick was formed, indicating that the resistance above remains strong. After touching the resistance, there was a quick rebound, and the support below is also strong.

Currently, the market is in a stalemate between bulls and bears, but from a weekly perspective, the bulls still hold the advantage.

From the 4-hour level, there was a bottoming rebound, but the momentum is not very strong. For intraday trading, it is sufficient to rely on support and resistance to see the range.

Bitcoin trading advice: Sell around 109800-110000, targeting 107500-106500, with a stop-loss at 110800;

If it touches around 107000, look for a bullish trend, targeting 109500-110000, with a stop-loss at the low of 106200;