Despite a small technical Rebound that occurred in the early morning, the overall momentum of the market is weak. This Rebound coincidentally touched our pre-set key resistance area, providing us with an ideal opportunity to short at a high.

From a technical perspective, after the price rebounds to the lower edge of the previous dense trading area or a certain short-term downtrend resistance level, the upward momentum significantly weakens, failing to form an effective upward breakout. This validates the effectiveness of the resistance area, while also indicating that the current market lacks confidence, with each rebound becoming a new opportunity for short positions to enter.

Currently, the price has retreated from the Rebound high point to around 110,500. This is a critical technical node: if the price falls below the recent important psychological level of 110,000, which also serves as an initial support level, it could further open downwards space, with the next target set towards the 108,500 - 107,000 range.

Bitcoin: around 110800 resistance, target 109800
Auntie: Near 3995, target 3920#BTC⁩