The large bullish candlestick on the 4-hour chart of Bitcoin reverses the short-term downtrend but faces resistance at the middle track, showing signs of pullback pressure.

After consecutive bullish candles on the hourly chart, it has shifted to alternating bullish and bearish candles, suggesting that short-term operations may continue to oscillate downward, taking advantage of opportunities for short-term dips.

Range 104000-104400, target 103000-102000