In the early hours, BTC strongly fell below the 110,000 mark, hitting a low of around 108,600, while ETH dropped significantly, reaching a low of 4,310. Overall, both showed a downward trend.



From the overall market structure analysis, the price has been continuously closing in the red and retracing, moving down from the upper Bollinger Band without any obstacles, indicating a significant increase in bearish strength. The previous resistance levels were all broken through in yesterday's spike. Such a trend suggests that a correction is highly probable. Although the price has touched the bottom and has made some adjustments, there is a rebound demand in the short term. Therefore, we will continue to maintain a high short position in the future!

BTC rebounded near 110500 - 111300, looking down at 108000 - 107000. #BTC#
ETH5.08%
BTC1.17%
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