Recently, the Crypto Assets market has shown a noticeable adjustment trend, with Bitcoin (BTC) being representative of mainstream digital assets whose price movement is weak. On the technical side, the BTC price is currently under pressure from the middle band of the Bollinger Bands, showing signs of a downward breakout. The Bollinger Bands have narrowed and opened downwards, indicating that market Fluctuation may soon increase.

From the performance of the indicators, the MACD is in the negative value range, reflecting that the downward trend dominates in the short term. Although the KDJ indicator is in the oversold area, there has not yet been a clear golden cross reversal signal, which means that the market may still need some time to find a clear direction. At the same time, the RSI indicator has failed to break through the key threshold of 40, indicating that the current market lacks sufficient upward momentum, and the bullish strength is relatively weak.

Considering the current market environment, investors may need to maintain a cautious attitude. In the short term, the BTC price may face significant resistance in the range of $107,500 to $108,000. If it cannot effectively break through this range, there is a possibility of further decline to levels of $106,000 or even $104,500.

However, the market movement is ever-changing, and investors should fully assess the risks before making any decisions, taking into account their own investment goals and risk tolerance. At the same time, closely monitoring market dynamics and potential positive news is also crucial, as these factors can quickly change market sentiment and trends.