The current trend of Bitcoin can be described as very sluggish. Everyone knows that the gentleman has been shorting all the way down. Analyzing from the current trend, a pullback is unavoidable.

From the four-hour perspective, the bears continue to increase their volume, and the Bollinger Bands are opening downwards, indicating that the emotional response after this decline is still quite strong, and the pullback has not yet reached its position.

Continue to extend the short strategy in response to the rebound; 104500 will be the best timing, with a target of 100500.