From the 4-hour level, the Bitcoin is still in a stepped downward channel. The rapid repair after the flood to around 100700 has not been very effective. Currently, Bitcoin is still moving close to the lower track below the middle track.

From a technical perspective, the hourly MACD is narrowing above the zero axis, and the pullback is strong, which allows for a cautious attempt to break out.

Operation suggestion at the current price of 102000.

Target looking at the 103000 line.

Defense at 101700$BTC .