The current market trend shows that Bitcoin has reached the FVG area on the daily chart, but the overall trend remains in long positions.



The key support level for the long positions trend is near the 4-hour MA100, which is around the 106.3k area. As long as the price can hold this level, we can consider the long positions pattern to remain intact.

The current market rebound momentum is indeed weak, forming clear upper and lower boundaries: the upper 108.5k area constitutes strong selling pressure, while the lower support level is at 106.3k. These two price points have become key observation points in the short term.

The evening trading strategy can consider establishing long positions in the range of 106.3k to 106.8k, with target levels set at 108k and 108.5k.

If the 4-hour K-line can effectively stabilize above 108.5k in the evening, it means that this round of correction has ended, and we can expect the price to advance towards the 109.5k and 110k areas. From a technical perspective, as long as it does not break below the key support, the probability of an upward movement remains relatively high.
BTC-2,13%
MA-2,27%
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