Bitcoin is as stable as a mountain, the price has fluctuated back and forth and has now reached a critical position. The support and resistance switch at the 1-hour level and the neckline of the W-bottom pattern are at the 103000-102500 range. If it breaks down, one can consider shorting without fear; a structural break means we need to retest below 101700.

If it only oscillates in the 103500-102600 range, then it is likely a trap, and it will still move upward.

Actually, thinking about Bitcoin here is a bit tricky, involving some minor games. To simplify, let's look at the trend and see if it can establish a direction between 106000-102400.