Market thoughts for Tuesday morning



The overnight market suddenly changed, with bears pushing down sharply, and the 110,000 support level has finally been breached. The market is clearly dominated by bears, and the overall trend is extremely weak.

From a technical structure perspective, there is strong bearish sentiment, with bearish arrangements appearing at all levels, and bulls have lost their advantage. Today, it is necessary to continue monitoring the downward dynamics of the market.

Operation suggestion: Short Bitcoin near 1105, with the first target looking towards the 1080 - 1070 area. If it successfully breaks through that area, further look towards 1050.
BTC1.68%
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