It is now 2025-06-12 00:23:02, and after the broadcast, Bitcoin has just fallen below EMA120 again on the 15-minute level. This red moving average is not just a technical support; it is also the core position of the POC (Point of Control) dense trading area. It can be understood as the main battlefield for the tug-of-war between bulls and bears. Once breached, it often triggers a round of directional selection.

Currently, the price is running below 109460, and the MACD green bars have just flipped, indicating weakening momentum, and the risk of a feeble rebound is amplifying. If the next rebound does not reclaim and stabilize above EMA120, bearish momentum will gradually accumulate, and short positions are expected to encounter a good opportunity window.

Key points to watch:

If it retraces to the 109400 line and does not break, a rebound to near EMA120 (109460-109500) facing resistance is an observation point for short entry timing;

If the rebound is strong and recovers EMA120, then this round of decline may be a trap for bears, so be cautious and quickly cut losses and switch strategies.

Remember this: If it breaks below key support without a retracement, bears should not be hasty; if it breaks and the retracement is weak, then it's time to act. $BTC