1. Short-term Trading Direction

◦ Bearish Strategy:

▪ Short positions can be initiated on a rebound to the $104,000-$104,500 range, with a stop loss set at $105,500 and a target of $102,000-$101,000.

▪ If it breaks below the support at $102,300, it is possible to follow the trend and short, targeting the psychological level of $100,000.

◦ Bullish Opportunity:

▪ A short-term oversold condition may trigger a rebound. Watch for stabilization signals in the $101,000-$101,500 range, with a stop loss set at $100,500 and a target of $103,500-$104,000.