$BTC The current daily Bitcoin trend shows an alternating pattern of gains and losses, with the Bollinger Bands diverging upwards overall, indicating that the medium to long-term trend remains bullish. However, the KDJ indicator shows signs of a downward turn at high levels, and the MACD double lines have also formed a death cross at high levels and are moving downwards, while trading volume is gradually shrinking. This series of signals indicates a clear demand for a retracement at the daily level. Although the strong performance of U.S. stocks currently supports Bitcoin's rebound after a correction, the upward momentum appears significantly insufficient, with strong resistance forming near the $105,000 mark.

It is recommended to set up short positions in the range of $104,200 - $105,000.

Target prices are sequentially set at $103,000 and $101,500