1. Key dividing line: 104100 is the core dividing line between bulls and bears, and the closing situation at the 4-hour level will become a decisive factor in market trends. Once it effectively stabilizes above this price level, bulls will gain the initiative and may push the market upward; if the close fails to break through, bearish forces will dominate, and the market may continue its downward trend.

2. Support points and lower support

- First support level: 102350. If the market encounters resistance and declines from above, this position will become the first line of defense against bears, playing a preliminary role in absorbing the price.

- Second support level: 100950. Once 102350 is effectively broken down by bears, this point will become a key support, providing a second chance for price stabilization.

- Lower support level: 99200, which serves as a strong support during extreme bearish conditions. If this level fails, the market needs to be wary of a larger downside risk, and the market may enter a deep adjustment phase.

3. Long position strategy

When the 4-hour candlestick closes and effectively breaks above 104100, one may choose to enter a long position with a light position size. Set the stop loss below 103500 to guard against false breakout risks. The target prices are sequentially set at 105000 and 105860; if the price successfully breaks above 105860, the target can be further raised to the resistance level of 107065 to capture more upside potential.

4. Short position strategy

If the 4-hour closing fails to hold above 104100, one may attempt to set up a short position. Set the stop loss above 104500 to avoid being stopped out due to short-term price fluctuations. The initial target is set at the support level of 102350; if this support level is effectively broken, one can continue to look down to 100950 or even 99200, following the bearish trend to gain profits.

5. Summary: 104100 serves as the core dividing line for the night market and is a key battlefield for both bulls and bears. Everyone must closely monitor the closing situation at the 4-hour level during trading and strictly implement stop loss and take profit strategies. Caution should be exercised when operating near support and resistance levels, and trading strategies should be adjusted flexibly in line with real-time market fluctuations to effectively guard against potential risks and ensure capital safety.$BTC #BTC走势分析