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Compared to the Nasdaq, the technical pressure faced by Bitcoin is more apparent.



Key Breakout Point: The Bitcoin price has fallen below the critical support level of $108,000, which is an important bearish signal. Currently, the market sentiment index is in the "fear" zone, indicating a lack of confidence among investors.

Increased Volatility: Severe price fluctuations have resulted in a massive liquidation amount over the past 24 hours, which in turn exacerbates the market decline. Despite the inflow of funds into Bitcoin ETFs, it is difficult to offset the overall selling pressure.

Market Outlook: If Bitcoin cannot quickly recover to $110,150, the next target may drop to $103,000. The strong resistance area above is between $114,000 and $116,000.

Tonight's operational thinking: the market's bearish force is dominant, do not blindly buy the dip. The short-term strategy should focus on shorting at highs, with strict stop-loss settings. If the price rebounds to the range of $110,000-$112,000 and shows signs of resistance, it may be a good entry point for short positions.
BTC1.29%
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