The current oscillation range has further shifted downwards, especially since the direction in the Asian session did not continue, causing a bit of a dullness, likely brewing for tomorrow night's non-farm payrolls.

We are not yet at the expected selling point; I believe there is still potential for a bounce upwards. Trading in this grinding market for intraday shorts is also not bad. The daily chart is still in a broken state, and the recent rebounds have all been hammered down by selling pressure. Unless there is a favorable stimulus, the bias remains towards the downside; we will continue to wait for the opportunity around 102k for the medium to long term.

Bitcoin is approaching previous lows; let's first look for a short-term rebound around 104500, targeting above 106000.