The Bitcoin market is showing clear signs that a major cycle trend may be reversing. From a weekly perspective, the key support level of 108,000 is at risk of being breached. If this level is effectively broken, it could mean that the long-standing bull run is about to come to an end, and the market may enter a correction phase.

On the weekly level, the 90,000 area has become a key region that needs to be focused on, as it may become a crucial turning point for future trends. If the price falls below this area, the downside potential may further expand. Conversely, if it can stabilize and rebound in this area, the market may welcome a certain degree of repair opportunities.

Although the market has high expectations for interest rate cuts recently, there is still uncertainty regarding the specifics of their final implementation. If the magnitude or timing of the interest rate cuts does not meet market expectations, it may be interpreted as a bearish factor, potentially triggering further price corrections.

Based on the current market situation, investors may consider positioning short positions during a rebound. The operational strategy can refer to entering the range of 109000-109500, with target price levels to focus around 107000.

However, we also need to note that the high volatility of the cryptocurrency market means that situations can change at any time. Investors should closely monitor market dynamics and adjust their strategies in a timely manner. At the same time, they should also be wary of potential changes in regulatory policies and macroeconomic factors, as these could have a significant impact on Bitcoin prices.

Overall, the current Bitcoin market is at a critical turning point. Whether bullish or bearish, it is essential to maintain a cautious attitude and manage risks effectively. In this uncertain market environment, it is especially important to remain calm and rational.