Today, in this 1-hour chart of Bitcoin, if someone took a long position hoping for a rebound, they wouldn't be able to exit; if all the high-position short orders were closed at 105000-105000, waiting for a rebound to enter wouldn't be given a chance either. They wouldn't dare to chase directly; only by patiently holding the short positions in the 108800-107600 area can they profit from this major pullback.

After continuously declining for over ten hours, if it fell from 108900 in the early morning, it only rebounded from the support at 106000 in the morning. It has been falling for nearly a whole day; how it went up yesterday is how it is coming down today, and it directly broke below yesterday's low support of 104900. Therefore, the next support is 104000. I think with this kind of decline today, the 4-hour chart will likely see an acceleration in the decline, and the daily line has a death cross pointing downwards and has already engulfed the gains of the previous two days. There is a very high probability that this daily line will gradually fall to 103000-101500 by early morning or tomorrow, tentatively setting the extreme limit in the 99600-97300 area. It hasn't gone below 100000 for a long time; let's see if the weekly chart can provide an opportunity to go down this week [food lover].