Yesterday, Bitcoin experienced a textbook-style one-sided fall. It started plummeting from around 107400 USD in the morning, hitting a low of 98880 USD, evaporating nearly 10000 points in just one day. This pullback was indeed quite strong.

Today, the focus is on how far the rebound can go. Currently, BTC is fluctuating around $102,000, and in the short term, we need to closely monitor the resistance zone of $103,500-$104,100. If the price struggles to break into this area, it is likely to continue to probe downwards, with the first target looking at the range of $101,700-$100,000; if it breaks below the $100,000 mark, then $98,000 and $96,300 may become the next support points.

This round of deep adjustment is actually not surprising; the market sentiment and technical aspects have long given signals. In the next few days, the market may oscillate back and forth within this range. It is recommended to manage your positions well and avoid chasing highs.