The 4-hour chart shows that Bitcoin bears are dominant, with the candlesticks consistently staying below the middle band of the Bollinger Bands, and the Bollinger Bands opening downwards, increasing selling pressure.

Although there is buying support at the lower levels, attention still needs to be paid to the support at the lower band of the Bollinger Bands and the previous low points.

It is recommended that short-term traders seize rebound opportunities, and attempts to short around 104800 - 105300 could be made, targeting 103500.