From the 4-hour chart of Bitcoin, the current market continues to show a weak fluctuating pattern. The candlesticks remain under pressure and operate below the middle band of the Bollinger Bands, intuitively reflecting that the bearish forces dominate the short-term game. During the early trading session, although the bulls attempted to initiate a relatively strong rebound, the trading volume did not increase correspondingly, which caused this upward movement to lack effective momentum support, making it difficult to form a sustained upward trend. As for the current resistance level, if the upper point of 103000 is not broken, it is evidently more challenging for the market to achieve a stronger rebound. The current market is deeply trapped in a state of low trading volume exhaustion, and even though there has been sporadic buying intervention at key support levels attempting to build a defense line, the buying strength is insufficient to withstand the bearish pressure, making it difficult to form a solid support base. If effective stabilization cannot be achieved in the support zone in the short term, the bears are likely to take advantage and expand their gains, triggering a larger-scale correction, which will cause the downward pressure on the market to continue to intensify, further falling into a weak bottoming pattern.

​Operational Suggestion:

​Trade around 102300-102600 with a target of 101300 and a stop loss at 102800.