Bitcoin BTC 12 hour level closing line, priced at $107400, The lowest rebound is 105000, and the highest rebound is 107800. The rebound of 3800 US dollars is still relatively strong, based on several factors. Firstly, there is technical support for the rebound at 105000, and secondly, Thursday's non farm payroll expectations are likely to be positive. So after a quick rebound, there is still a final approval time for a Bitcoin proposal on Friday, which may be passed. However, the forced rebound of the market caused by instant messaging cannot last for too long. It is necessary to have real money to buy in order to push Bitcoin towards 110000 yuan. Everything is in vain. In the short term, the focus should be on the chip intensive area above, which is also the concentrated area for short clearing. That is 109300. Short positions can be laid out and ambushed between 108500-109300, while long positions with small pullbacks are not considered temporarily. It is better to wait until the 104688-103688 range below to start receiving goods. If the news has not yet hit 109000, there may be a rapid decline, so the bearish trend has not changed. Do not be deceived by the short-term rebound market.