#数字货币市场调整 From a technical perspective, BTC exhibits a complete Elliott Wave Theory downtrend on the 4-hour timeframe, accompanied by a significant divergence phenomenon - this usually indicates that the adjustment is nearing its end.

According to the logic of Elliott Wave Theory, a reversal correction often follows the completion of a five-wave structure. Under normal projections, the first target for the rebound is around 105800. However, there is a detail that needs to be noted: there is a price gap in the CME futures above, and this "blank area" often creates an attraction effect, so the actual rebound space may be larger, and the possibility of testing the 110000 integer level cannot be ruled out.

Diving into a smaller timeframe, we find that the last drop also forms a standard Elliott Wave Theory on the 1-hour chart, with the third wave showing a clear extension feature—this also explains why the decline exceeded the previous expected range.

As for the grasp of rhythm, I tend to understand it this way: first, look for a short-term recovery to the 100000-102000 range; once in place, there is a high probability of a pullback to digest profit-taking, and only then will it have the conditions to challenge higher resistance levels.

Of course, market trends are always more complicated than projections. The key is to grasp the main line of this rebound, and the specific position and stop loss must be adjusted according to the real-time market dynamics.