BTC data analysis

From the morning data, there is a certain panic in the market, and some short-term profit-taking and loss-making investors have obvious signs of leaving the market. The sudden decline broke many people's expectations for the beginning of a big rise.

The overnight rebound was weak, and the market was in a strong consolidation mood. Although the short-term decline has temporarily stopped, the trend is still not optimistic from the daily and four-hour charts, and the gate-drawing action is obvious.

If BTC cannot return to above 98,000 today, it is expected that the weakness will continue. Short-term operations are recommended to focus on rebound shorting and remain cautious.