The 4-hour chart of Bitcoin shows a series of consecutive declines that completely retraced last week's rebound, bringing it back near the low point of the rise around the 100,000 mark. In the short term, it may enter a period of contraction and fluctuation, but the 4-hour chart has broken the strength of the middle track, damaging the upward pattern from the beginning of the week. Currently, it is relatively weak, and the middle track as well as the broken low point have turned into resistance. We continue to implement a strategy of selling high and buying low to position ourselves for short positions.
Short near 105,000, target 102,000
