Bitcoin 24-hour Trend Update! Simple and straightforward conclusions!

Current price: $107,247, down nearly 3%! $BTC

Danger Signal: Short-term may continue to drop, but a small rebound might happen at key levels!

Why bearish? 3 direct reasons:

Stuck at the middle line, unable to break through

Current price stuck at 106,000 (Bollinger Band middle line), with a major resistance at 111,000 (Bollinger Band upper line). If it can't break the middle line, it will likely drop down, with a bottom line at 100,000 (Bollinger Band lower line).

Funds are fleeing, no one is picking up

The average trading volume over the last 5 days (16,000) is half of the 10-day average (24,000), indicating fewer buyers, and money is quietly escaping.

Large capital indicator (OBV) is -215,000, directly telling you: more people are selling than buying!

MACD death cross, downtrend accelerating

MACD indicator (similar to a traffic light): Green bars getting longer (-369), indicating the downtrend is accelerating, like stepping on the gas pedal to plunge down!

Key positions to watch:

Danger line: 106,000 (middle line)

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If it falls below this level, it's very likely to head straight for 100,000 (lower line).

Lifeline: 100,000 (lower line)

If it drops here, it might catch its breath, or even rebound, but don’t rush to bottom fish!

Reversal line: 111,000 (upper line)

Unless there’s a sudden surge that breaks through here, don’t trust that there will be a big increase!

Operational advice (in plain language):

Bearish party: If the price lingers around 106,000 for a while without going up, consider shorting with a light position, targeting 100,000.

Bottom-fishing party: If it drops to around 100,000, and at the same time the Williams %R indicator drops below -80, you could catch a small rebound, and run once you've made a profit! $BTC