#永续合约DEX赛道之争# Bitcoin has recently shown weak performance, with the upward momentum significantly weakening yesterday, and the coin price quickly tested downward intraday. The previously accumulated rise has been fully pulled back, and after the price broke below the 110,000 key support level, it has continued to decline as expected. From the daily chart perspective, the trend has broken downwards and is currently approaching the support area around 108,500. If this area is breached, Bitcoin is expected to decline further and may test previous lows, so investors should be prepared accordingly.

Observing the four-hour level chart, the price is showing a continuous bearish candle trend, with the coin price hovering around 109200 at the time of analysis. The short-term rebound strength is insufficient, and if it cannot break through the resistance at the 110000 integer level, it is expected that the market will maintain a weak oscillating pattern. Given the current situation, it is not recommended to blindly pursue long positions, and one should be cautious of the possibility of prices falling again. The overall trend is in a downward oscillating channel, and the recent accumulated upward space has been nearly exhausted, so the operating strategy is suggested to focus on shorting on rebounds and supporting long positions on pullbacks.

On the technical side, pay attention to the resistance levels at 110,000 and 111,000, while the short-term support level focuses on the 108,500 line. Specific trading suggestions: consider probing short positions in the range of 111,300 to 110,300, with a stop-loss at 113,800, risking 500 points, targeting below 109,500; on the other hand, consider probing long positions in the range of 107,500 to 108,500, with a stop-loss of 500 points, setting a stop at 105,000, targeting above 110,000.

The market changes rapidly, and even if you are confident in your market assessment, it is essential to set reasonable take-profit and stop-loss levels to ensure the safety of your funds.