$BTC This is Doubao's calculation for Dabing, you can take a look at the whole process.

1. The current price level corresponds to the Fibonacci retracement ratio.

High point 126208, low point temporarily calculated as 80600, total drop = 126208 - 80600 = 45608, current retracement ratio = 45608 ÷ 126208 ≈ 36.1%, close to the 0.382 retracement level, has not broken through the core support, still in the shallow decline range.

2. Continued decline in the future: core support levels (from weak to strong based on support strength)

1. 0.382 support level: 126208 × (1 - 0.382) = 77996 (short-term key support, breaking down will lead to a test of the midpoint)

2. 0.5 support level: 126208 × 0.5 = 63104 (medium-term strong support, high probability of stopping the decline)

3. 0.618 support level: 126208 × (1 - 0.618) = 48212 (extremely weak market support, very strong support strength)

3. Future rebound: core resistance levels (from near to far based on rebound strength)

1. 0.382 resistance level: 80600 + 45608 × 0.382 ≈ 98022 (short-term primary resistance, easily meets resistance and falls back)

2. 0.5 resistance level: 80600 + 45608 × 0.5 ≈ 103404 (medium-term strong resistance, breakthrough needs volume confirmation)

3. 0.618 resistance level: 80600 + 45608 × 0.618 ≈ 108786 (key heavy pressure, hope to return to high-level range after breakthrough)

Core conclusion

The current price level is close to the 0.382 support, short-term decline space is limited, priority is to look for a rebound to the pressure near 98022; if it breaks below the 77996 support, it will likely test the strong support at 63104. During the rebound, focus on the volume at 98022 and 103404, a breakthrough without volume is likely to fall back.