The morning market commentary mentioned that the 4-hour trend of Bitcoin is very critical. Currently, the 4-hour MACD has not shown a golden cross, and there are signs of insufficient upward momentum on the 4-hour level. The current rally is driven by the 8-hour level, so there is a high probability that the price will drop back to the 8-hour or even 12-hour support levels before continuing to rebound.

If Bitcoin breaks below 102700 (excluding spikes), it may return to the support levels of the 8-hour and 12-hour (currently 98565 and 96450).

If Bitcoin falls, apart from a very few altcoins that may move independently, the rest of the coins including Ethereum and SOL will also drop. If you have long positions from chasing highs, be cautious.