Based on the current 1-hour chart, the price has broken below the intraday low, and the bears continue to test new lows. Although there is a rebound, the overall strength is limited, and the structure remains weak. Bitcoin should focus on the 101,000-100,000 range for potential long positions. If the price drops below 3,500 during the night, it will be considered a failed 4-hour rebound, and the market will continue to decline. Support levels to watch below are in the 3,353-3,310 range, where another attempt to go long can be made. The overall trend is bearish, but there are still rebound opportunities at key support zones.
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Based on the current 1-hour chart, the price has broken below the intraday low, and the bears continue to test new lows. Although there is a rebound, the overall strength is limited, and the structure remains weak. Bitcoin should focus on the 101,000-100,000 range for potential long positions. If the price drops below 3,500 during the night, it will be considered a failed 4-hour rebound, and the market will continue to decline. Support levels to watch below are in the 3,353-3,310 range, where another attempt to go long can be made. The overall trend is bearish, but there are still rebound opportunities at key support zones.