Video Supplement Update Points:

K-Line Pattern:

Last night's decline broke through the core range, which is concerning; after all, the daily and weekly close would be quite unfortunate.

The daily line quickly rebounded above the 100K support after falling to EMA99,

The weekly line also did not effectively break down, it was a close call,

As long as we rebound, there is still room for maneuver, and the main force also does not want to break down, causing everyone to lose confidence and triggering a sell-off; sometimes the main force can be caught off guard by a chain reaction.

Currently, the Middle East situation this week is particularly critical; to be honest, as long as it does not continue to escalate or reveal new black swans, I feel it's all a trap for shorting, it's all an opportunity for large players to pick up bargains, and retail investors will just obediently hand over their chips.

Liquidity Level:

The long liquidity above 100K has been completely cleared out; currently, only 97,500 still has a little bit left, while the short liquidity above 110K has once again become the focus;

This is not implying that prices will skyrocket, but if prices rebound from this bottom, then the short liquidity above 110K will become the target.

As for whether prices have bottomed out or will form an expanding structure, I cannot predict for the time being.

Wave Structure:

If we follow a wave pattern, then a rebound to around 102,700 is very reasonable, plus the CME chart gap top is also around 103,000, and the EMA pressure is also at that position! This is also the point mentioned in the video that needs attention in the short term.

The 4-hour neckline should be observed for reactions after breaking above 103K; if this happens, then focus on 104-106K.

Three perspectives on the current Bitcoin structure; if you don't understand, take a serious look.