BTC Market Analysis: The 108,000 level is key for reversal, while the 103,400 bottom is in doubt.

The BTC market has not yet seen a clear reversal signal, with the key premise being the failure to stabilize above the critical price level of 108000. Looking back at yesterday's performance, BTC dipped to a low of 103400, showing a significant decline for the day; however, the market then began to rebound, and as of now, it has risen to around 107500, achieving a rebound of 4000 points, which is commendable in the short term. But this does not mean that 103400 is the final bottom of this adjustment phase; whether it can continue to rise in the future still depends on the breakthrough situation at key positions.

If the market wants to achieve a trend upward, 108000 is the "stronghold" that must be conquered. This price level is crucial due to its dual attributes: on one hand, it is the core starting point when the previous high of 126200 was initiated; on the other hand, it has long served as a key support level during market adjustments. Once this support level is effectively broken, it will transform into a strong resistance level—if BTC wants to re-challenge the integer level of 110000, 108000 is an unavoidable obstacle. A failure to break through is likely to extend the downward trend, and there is a possibility of dropping below 103400, with the next important support range falling around 102000.

Based on this, the trading strategy can revolve around key price levels: a short position can be set up around 108000, targeting the 104000 range; if the market touches the bottom again near 104000 and shows a clear rebound signal, it indicates that this area may enter a consolidation phase, and a light long position can be considered. Once the long position successfully breaks through the 108000 resistance level, subsequent targets can look towards the round numbers of 110000, 112000, etc. #BTC⁩ #比特币价格动态 #web3