#币安HODLer空投MIRA# The recent Bitcoin market trend shows a clear downward trend. From the daily chart, there was a significant drop yesterday, with the price directly breaking below the 120-day moving average support level, currently falling below $110,000. The technical analysis indicates that the market may continue to pull back to the previous low around $107,000 to seek support. Observing the 4-hour cycle, the price has been declining continuously after rebounding and touching the 256-day moving average resistance level. In the short term, investors should focus on the performance of the $107,000 support level, and within-day trading can use the $107,000 - $106,000 range as a key support judgment, while the upper resistance is mainly concentrated around the $110,000 integer level.

Ethereum is also in a clearly weak position, with a large bearish candle forming on the daily chart, and the price has fallen below the psychological level of $4000, completely turning the technical pattern into a bearish one. The support level to watch is the price range of $3880-$3800. From a short-term perspective, the main resistance level for a rebound is based on the breakthrough of the 10-day moving average. If it can break through and stabilize above the 10-day moving average, then the possibility of a rebound needs to be considered.

Trading strategy suggestions:

Regarding Bitcoin, consider shorting around $109,900, and if it rebounds to $110,800, you can increase the short position, with target levels set at $109,000 and $108,000; when the price dips to the $108,000-$107,000 area, look for buying opportunities, expecting a rebound of 1,000 to 2,000 points.

Regarding Ethereum, consider shorting at the $4000 level, and if it rebounds to $4080, you can add to your short position, with target levels set at $3900 and $3800; near the $3880-$3800 range below, consider going long, expecting a rebound of 60-100 points.

The market is volatile, and investors should maintain a cautious attitude, making decisions based on their own risk tolerance. The current market shows a clear bearish trend, and it is recommended to focus on the performance of the support level and the limitations of the rebound height.