Tuesday: Overnight short positions broke down, with weak recovery efforts launching an attack.

Waking up, Bitcoin directly broke below the 110,000 mark, and recovering the rise has become a fleeting dream, as the weak trend strikes again.

From a technical perspective on the four-hour price chart, the weak downward trend continues, the downward channel has opened, and there has been no recovery formed. The short positions are being continuously released, and there is further downward demand for short positions in the smaller time frames.

On the hourly level, the price recovery upward is difficult to stabilize and has plunged. It is currently oscillating at a low level, and the sharp drop has not been directly recovered. The downward channel continues, and short-term oscillation is in demand, while upward movement is the trend.

Today, our focus is mainly on repairing high positions for short positions.

In terms of operation, I personally suggest short positions in the 110500-111000 range, looking at 109500-108800, and for the medium term, looking at 100500 #BTC# .