Although Bitcoin has seen a rebound, it is not a reversal of the market, merely a normal correction after the previous sharp decline. After eight consecutive weeks of positive weekly closes, last week turned down and closed negatively, indicating a high probability of continued decline in the future, and the current trend matches expectations. Pay attention to the daily MA moving averages and the resistance at the 104,000 yuan support and resistance level.

Afternoon trading suggestion: Short at 103,500 - 104,000, targeting 101,500 - 100,000.