BTC Technical Analysis:

1. Weekly situation: This week, BTC's weekly chart closed with a medium-sized bearish candle. However, did you notice that although the price has fallen, the trading volume did not increase significantly, and there was no panic selling situation where everyone was frantically dumping their assets. Looking at the KD indicator on the weekly chart, it has started to pull back from a high position, which is consistent with normal technical trends.
2. Daily situation: On the daily chart, after the price fell, it formed a candlestick with a long lower shadow, with the low point nearly reaching the Fibonacci 0.382 level. Now, the key for the short term lies in the contest around the M top neckline.
- If the neckline can be held, the price is very likely to bottom out in the short term and then return to the previous high oscillation range.
- If the support cannot be held, according to the M top 1:1 space measurement method, the bears may push the price down to a lower target.
3. 4-hour chart situation: On the 4-hour chart, the trend of BTC has formed a descending channel.
- Channel 1: The mid-track of the channel, the area where chips are concentrated, the EMA moving average, and the rising trend line have experienced a swap of support and resistance, collectively forming a resonance resistance level, approximately at 104000.
- Channel 2: Its upper track coincides with the resonance pressure position of Channel 1, while the lower track corresponds to the position that overlaps with the long-term EMA moving average and the lower track of Channel 1. The middle track is related to the large bearish candlestick that appeared earlier.
4. Wave pattern situation: From the perspective of wave shapes, we are currently in the C wave stage. Generally speaking, the decline of the C wave will be greater than that of the A wave, so we need to pay special attention to the situation when the C wave falls near these key support levels of Fibonacci 0.5 - 0.618.

Additionally, it is important to remind everyone to pay special attention to news regarding geopolitical issues during this recent period, as well as the risks that may arise after the expiration of reciprocal tariffs, as these could all potentially impact the price of BTC.