#BTC

BTC Market Analysis:

The major coin has finally shown direction, breaking below the small-scale horizontal fluctuation zone above, with the low dropping to around 104500, briefly breaking the small support level at 104800. Here we will observe the reaction after a rebound of about 2000 points to determine whether this is a valid breakdown or a false breakdown!

In terms of the trend: The four-hour chart shows that after breaking the fluctuation zone, it tested the previous effective high point again. At the same time, this pullback also showed an adjustment wave model, so we need to pay attention to whether the rebound can break through the level near 106800. If it does not break through, the downward trend will continue; if it exceeds, we need to consider a new structure!