Currently, the MACD indicator's histogram is continuously narrowing, indicating that the bullish strength is gradually fading, and it is approaching the overbought area, reflecting a significant decrease in short-term market upward momentum and an increase in pullback pressure. Considering the above technical signals, in the 1-hour candlestick chart, Bitcoin has already begun to pull back, moving from the upper Bollinger Band to near the middle Bollinger Band, and there is a downward breakout trend. Overall, the trend has also started to pull back, and the trading strategy for Bitcoin should still focus on short positions.

Bitcoin around 104000 🈳, looking down to 102000