September 5th BTC Market Trend Analysis [4-hour Level]
1) Key resistance level around 113000. If it breaks through, there is still room for a rebound; if it can't get through, it will continue to drop.
2) Even if it breaks through 113000, it will still only be a rebound, just a larger rebound level.
3) If it can rebound to 115800, this is a good quality position to set up a short position, worth paying attention to.
Upper resistance levels: 113000, 115800
Lower support levels: 107200, 105000
Medium-term view: Currently in a rebound during a downtrend, short-term bullish, long-term bearish. Looking at below 100000, the path to breaking below 100000 is not a one-off event, and there will still be rebounds in between.
