Verification KOL: San Dao, follow San Dao to not get lost.

Market Analysis:
The current price of Bitcoin is 103,000. It is now 2:10 AM Beijing time. A wave of inducement has appeared in the segment market, hitting the second entry point of 107,000 to the south. There is now a space of 3,500 points. It has broken below the horizontal support point of the triangle formation at 104,500. Therefore, if the bearish trend continues, the main force will likely attack the 100,000 integer mark again. As long as the pullback does not break 104,500 to the south, it can be held continuously to see new lows.
The daily candlestick's highest point before the report was 107470, the lowest was 103135, the top of the range is at the 0.618 line of 106450, and the bottom is at the 0.5 line of the 100000 mark. The MACD shows a decreasing volume with a bearish divergence; the failure of the DIF and DEA to contract continues to push the candlesticks down after hitting the middle of the Bollinger Bands. The effective resistance level at the middle track is 107700, while the support level at the lower track is 99500. The overall outlook remains a bearish trend.
The four-hour K-line shows that the door support is around 101500. The EMA trend indicator continues to contract, and the 0.786 support has turned into resistance. Pay attention to the strength of resistance at the 104750 level. The MACD volume expansion has ended and is starting to contract while accumulating. The DIF and DEA have formed a death cross, and the K-line has also broken below the Bollinger Band middle line at 104170, with the upper band at 107500 and the lower band at 107800. The entry points for both long and short positions can be referenced in sequence. Those who have already entered the market to the south should continue to hold, while those who have not entered should be prepared with a heart in one hand and two hands ready.

Short-term trading idea reference: The market is never 100% certain, so always set stop losses. Safety first, the goal is to minimize small losses and maximize big gains, especially when breaking key resistance and support levels; you must stop loss instead of holding onto the position.
The northward testing range is from 101500 to 101000, defending at 100500, with a stop loss of 500 points. The target looks at 102500 to 103000, and if broken, it looks at 103500 to 104000.
The southward test positions are from 104700 to 105200, defending at 105700, with a stop loss of 500 points. The target is set between 104000 and 103500, with a breakdown looking at 103000 to 102500.
The specific operations are based on real-time data from the order book. For more detailed information, you can consult the author. There may be a delay in the publication of the article, so it is recommended for reference only and risks are borne by yourself.

$BTC