Last week, we kept saying not to go long, not to go long. I don't know if anyone listened. Liquidity is decreasing. It is clearly impossible to have an effective rebound in the short term. For those who want to buy the dip, there are endless opportunities. After the black swan event, there is a possibility to further test the 100k support. I still don't recommend looking up afterwards. If you want to go north, it's definitely not a good position to enter.

From a technical structure perspective, the previous support has turned into today's resistance. The subsequent price movement needs to pay attention to the 110k level. The rebound over the weekend is a correction of the previous dip. The overall trend is still downward, and at the current position, we can continue to look down. In terms of market sentiment, it's still the same old story of lacking liquidity. It is impossible to reverse in the short term; at most, we will see consolidation at the low levels.

Bitcoin trading suggestion: look down at 109000
Target: 105000#BTC