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As of today, Bitcoin is still in a short-term downtrend, with bearish sentiment dominating the market. The longer are fully defending the important support area of 110000. If the price can stabilize at this level and rebound, it may test the resistance of 113000 or even 115000 or higher; conversely, if it effectively breaks down, it may trigger further falls, potentially reaching around 90800 or even lower.
Currently, from a technical perspective, there are two consecutive bearish candles on the daily chart, bullish momentum is weakening, MACD is diverging downwards, and bearish momentum is dominating. There is a complex oscillation around a small range.
Recommended operating range: A pullback to the 113000-115000 USD range can choose to enter the market, with a target aimed at the lower 110000-111000#今日BTC觀點 .