BTC $BTC, weekly level top formation, the bearish line volume has increased in the last two weeks, and the weekly MACD has crossed down showing signs of a death cross. The low point of yesterday's long wick candle was 110400+, which I believe is a very critical position. If it breaks down again with an entity, then the weekly will directly run to the previous consolidation range, and the next rebound's low and high points will be lowered simultaneously, which means that the possibility of rebounding to 118-12 becomes very small.



However, it has not fallen below yet, there is still hope. Looking at the four-hour chart, yesterday's long wick candle position is the previous rising position, providing support. The intraday support is in the 11.1W-11.15W range, and the resistance is at 11.14W.
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