‼July 8th [BTC Market Analysis] + Today's encryption news collection 📉📈 ‼
After the failure to break through 110,000, Bitcoin has fallen back into the consolidation range, with key support currently around 105,000.
Last night's 4H close fell below 108,700, indicating a weakening bullish structure. It then retraced to 107,200, finding support, and the market has entered a small cycle rebound phase.
The short-term rebound resistance is focused on 108,000. If it breaks through, look for 108,500. Only with a 4H close above 108,500 can the market hope to challenge the 109,600–110,400 area again.
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