$BTC
Last week on the weekly chart, there was a long lower shadow with a bullish candle, breaking through the 7-day moving average on the weekly chart. This week, the key support level to watch is the $94,000 position below.
On the daily chart, there has been a downward trend in fluctuations for nearly half a month. The first step bottom is around $107,000, and currently, it is near the top of the second step. After a rebound in the last three days, it has touched the recent top again during the evening and started to retreat.
On the 4-hour chart, there was a typical V-shaped double top pattern last week, and it has already formed two consecutive large bearish candles, indicating a continued downward trend.
During the day, key resistance to watch above: $106,000 - $107,000. Key support to watch below: "$104,000 - $103,000". If today's closing can form a bearish candle breaking below the $105,000 level, a new round of downward movement may begin in the short term.
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