The recent price of Bitcoin has been fluctuating at a high level, showing multiple long upper shadows, indicating heavy selling pressure around 100,000. Breaking through the lower bound of 100,000 will still take some time. On the short term, the hourly MACD fast and slow lines have crossed downwards, and the histogram shows negative values, indicating downward pressure in the short term. The trading volume has significantly increased during the decline and then shrank, showing that after panic selling, market sentiment is becoming more cautious.

Short-term suggestion for Bitcoin: around 96,700, target 95,000-94,000.