Daily level, Bitcoin is under pressure from the middle band of the Bollinger Bands, with the doji indicating a tug-of-war between bulls and bears. On the four-hour chart, after four consecutive down candles, although there is a strong rebound, the decline has not been recovered, indicating weakness in the bulls. The MACD fast and slow lines are below the zero axis and are about to turn without golden cross, and the histogram is shrinking, making it difficult for the rebound to sustain.

It is recommended to short around 105500, with a target of 103500.