Trader Xia - Old Zheng's Tuesday Morning Thought Sharing
Overnight market plunged significantly, with the crucial support at 110,000 breached. Currently, bears dominate the market, and the overall rhythm is extremely weak. All levels show a clear bearish arrangement, with strong bearish sentiment and bulls unable to counter. Focus today is on the continuation of the downward trend.
Bitcoin is set to short near 110,500, targeting the 108,000 - 107,000 area; if it breaks through, can look towards 105,000.
Auntie around 4,400, targeting 4,250
