At $BTC , the large coin experienced severe fluctuations, followed by a significant pullback after a technical rebound. The leading indicator triggered a panic sell-off, resulting in a unilateral drop to a temporary low of 105704, followed by weak oscillations, intensifying the market's concern over the leading indicator. The secondary trend synchronized, with a minimum pullback to the 2600 level for support.

Currently, the trend has formed an intraday high, rebounding after a second bottom test, but the leading indicator's rise is weak, facing significant resistance. The hourly chart shows that the coin price is oscillating within the Bollinger Bands, presenting a box pattern, while the leading indicator is in a stalemate at a critical position, with unclear direction. The large coin's candlestick chart shows heavy selling pressure above, and a strong defense from the leading indicator; during declines, the leading indicator dominates, while during rebounds, the leading indicator's strength is weak. It is expected that the market will first consolidate at the bottom before pushing higher. The Asian session is suitable for short-term operations on the leading indicator.