Looking back at the cryptocurrency market last month, when Bitcoin's price reached the $110,000 mark, the market was filled with optimism. However, experienced traders should be keenly aware of the hidden risk signals — despite multiple attempts to break through, the price never effectively surpassed its historical high. With the monthly close approaching, market uncertainty significantly increased. As expected, Bitcoin then initiated a deep correction, dropping from a high of $111,980 down to $100,372, with a short-term decline of 10%, catching many latecomers off guard.

From a technical analysis perspective, the current space for Bitcoin to further decline is relatively limited. Blindly chasing shorts at this low point is undoubtedly a high-risk operation. For future operations, it's recommended to pay close attention to the key support range of $100,000 - $100,500, where one can consider entering long positions on dips, while also being wary of a drop below $95,000. Additionally, if Bitcoin forms a bottoming and stabilizing pattern on the 4-hour candlestick chart, investors may seize the opportunity to establish trend-following long positions, patiently waiting for a potential comprehensive bullish trend in the cryptocurrency market in the second half of the year.