Currently, the trend of Bitcoin is stuck in a long period of sideways movement. As the saying goes, 'What goes up must come down.' In this situation, we just need to wait patiently. Analyzing the current market situation in depth, the price has once again returned to around 104600, seemingly undergoing a technical correction.
From the four-hour K-line chart, we can see that the height of price rebounds is getting lower. Moreover, it has tested the 103400 level twice. Although the bottom support is quite strong and has not been broken, and each time it dips, it rebounds again, this is likely building up momentum, and it may eventually break the support level. Looking at the overall trend of the market, it's clear that the bears are stronger. Therefore, for trading today, it’s better for us to primarily choose to short. Specific operational points will be disclosed internally!
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