Attention all cryptocurrency investors! A long-anticipated battle between bulls and bears is unfolding! The recent drop of Bitcoin below a key neckline is likely a carefully designed washout trap by institutional capital. While everyone is misled by the volume contraction rebound on the 4-hour candlestick chart, we must see through the deeper logic behind this game.

From a technical analysis perspective, the quadruple bottom breakdown in the 4-hour cycle of Bitcoin is no coincidence. Although the price has pulled back after breaking the neckline with increased volume, the trading volume continues to dwindle, which is a typical signal of the main force inducing buying. Even more concerning is the rare bearish resonance formed by the Guppy trend indicator across all cycles below the daily line, and the 12-hour MACD showing an "air leak" pattern—this technical combination indicates that the price will face continuous downward pressure in the short term.

Key levels to remember: Bitcoin faces strong resistance at 110773 and 112133 above, while if it loses the support at 109488 below, 107209 will become the last line of defense; for Ethereum, 4052 and 4203 are important resistance zones, and if the support at 3777 is breached, the 3670 level will be in jeopardy. These levels are not only the focal points of the bull-bear struggle but also crucial references for institutional capital allocation.

In terms of trading strategy, contract investors must seize high short opportunities. When the 15-minute or 30-minute candlestick rebounds to the EMA60 moving average, or forms a double top pattern near the neckline resistance, it is an excellent entry point for short positions. But remember, the cryptocurrency market is highly volatile, and setting stop-loss orders is essential.

For spot investors, patience is key in the current market. It is advisable to gradually build positions near important support levels, but keep the position size within 30%. At the same time, closely monitor the correlation between Bitcoin and mainstream coins, as well as altcoins; only when BTC confirms stabilization is it the best time to increase positions.

Finally, it is emphasized that the market does not have eternal bulls or bears, only clear-headed investors. This market phase presents both risks and opportunities. Follow the public account: KK Communication, as we will continue to break down the underlying logic of the market and grasp the wealth code! Remember: investment carries risks, and decisions must be made cautiously!

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