After a week of deep correction, many retail investors were forced to exit during the fluctuations. Each pullback often becomes an opportunity for retail investors to cut losses while whales and institutions accumulate.

Last night, after a rebound and hitting a high, the pressure has not yet stabilized. The hourly level support has been broken again, with strong support below at 105000.

If it breaks down with increased volume again, it indicates that this wave of downward movement is not yet over. Only after breaking through 105500 with increased volume and stabilizing, there will be a possibility for a second upward push.

If Bitcoin breaks down below 105000 with increased volume, the target looks towards 103600 and 103000.

If it breaks above 105500 with increased volume, the target looks sequentially towards 106300 and 107000.