$BTC Market Analysis：

First, the support level must be closely monitored!

Currently, there are two key support levels below the price: 102833 and 101900. If these two levels can hold, it may be worth attempting to go long. However, the stop loss must be set at 100700, which is the daily level 'lifeline' and neck line support. Once it breaks, the daily double-top pattern will be confirmed, and a significant downtrend is likely to begin. Don't hold on to false hopes!

Second, there is a hurdle for short-term rebounds!

The 1-hour level shows a clear downtrend now, but if it can rebound and break through and hold above 106730, the short-term downtrend may be reversed. However, don't rush to chase long positions; this level has strong resistance, and if it cannot break through, it could be a false move, so be careful not to get trapped!

Third, long-term risks must be heeded!

Weekly level has already shown a top divergence signal, which is very similar to the weekly double top from 2021! The higher it goes, the more one should sell; don't be misled by short-term rebounds. The strategy should mainly focus on shorting during rebounds, especially when the price rises above 106730, look for opportunities to short it directly! Don’t go against the trend, this wave of Bitcoin is likely to replicate the historical major top pattern.

In the short term, one can bet on support rebounds, but strict stop losses must be implemented; in the medium to long term, one must be wary of the weekly top divergence risk, firmly bearish above 106730! Don't be the one left holding the bag; preserving profits is key! (Personal opinion, please don't criticize if you disagree, the market has risks, and caution is required in trading!)

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Let’s speak plainly, there are many opportunities in a bull market, but it’s also an elimination round; surviving is the most important! It’s still not too late to get on the train by following Xin Jie.