The Bitcoin market has recently continued to show a downward trend. At the beginning of this week, we observed that the BTC price has fallen again, with the expected decline occurring slightly later than anticipated. For investors who are new to the Crypto Assets market, it may take some time to adapt to this round-the-clock trading environment and the unique Candlestick rules where each trading day runs from 8 AM to the same time the next day.

Currently, the bearish candlestick on the daily chart causes the MACD indicator to continue to decline, indicating that the correction trend may persist in the short term. The 8-hour line is about to start a correction in the new trading day, and from the weekly perspective, whether it's a sharp fall or a slow decline, we are currently only in the initial stage.

Looking ahead to today's market, it is expected that the new daily Candlestick will form a rebound starting point based on the bottom divergence on the 15-minute or 30-minute charts, with prices potentially surging to the range of $113,600 to $114,000, followed by a pullback to around $111,000 for consolidation. Key time points to watch are 16:00 and 22:00. If the 8-hour Candlestick shows a death cross, it is likely to fall below yesterday's low again. From a weekly perspective, the current important support level is around $102,000.

For crypto asset investors, it is very important to understand these technical indicators and time cycles of the market. However, it should also be recognized that the high volatility of the crypto asset market means that predictions are not absolutely accurate, and investment decisions should consider more factors comprehensively.