BTC has not continued to plummet since it reached the bottom from the north, and has slightly recovered to around 111700. However, it could not hold above and has fallen again, currently fluctuating near 111000.

Analyzing the current situation in the market, BTC is still within a descending channel on the daily chart. After three days of growth, the market has returned to plummet with a lower shadow. On the daily chart, a candlestick pattern has formed with a small body and a long lower shadow, indicating the presence of some support from below. Furthermore, analyzing the situation on the 4-hour chart, the descending trend becomes even more pronounced, with highs and lows synchronously decreasing, forming a standard wave down structure. Previously, during two attempts to fall to the level of 107500, the market quickly halted the plummet and recovered, so moving forward, it is important to closely monitor whether this support level will be broken. If this level is effectively broken, the plummet below will expand. Based on this, we will continue to wait for opportunities to take short positions in the future.
Operational recommendations:
BTC Return 111500 - 112300 nearby, below 109300-108300-107000#Gate上线Ondo专区现货交易 #非农就业数据来袭 #今日你看涨还是看跌？ #BTC #ETH