@tonlop
Synthesizing technical, on-chain, derivative, and sentiment signals, the baseline scenario is a technical rebound after finding support around the $104K level, with the 48-hour resistance level seen at $107K. However, a breakdown below $102,8xx will trigger a long liquidation cascade, shifting the short-term target to $102K. It is advisable to closely monitor derivative funding rates and exchange net flow to confirm the direction.