In the afternoon, Haowen clearly suggested a firm bearish outlook. The afternoon rebound was obviously a temptation for high behavior, and those who followed along with this wave of short positions at 3000 points reaped substantial profits.

Observing the hourly chart level, the Bollinger Bands are showing a weak rebound pattern after converging. Although the price briefly tested upward, it continued to be restricted by the pressure of the middle band. Meanwhile, the upper band is flattening while the lower band has slightly risen, collectively limiting the effective upward space for bulls. In terms of the MACD indicator, the green momentum bars show signs of decay; however, the DIF and DEA lines have not formed a strong bullish crossover pattern. Coupled with the gradually weakening momentum from the low rebound, the sustainability of the bullish market faces challenges. On the K-line combination, after the rebound, there has been a series of star line oscillations and consolidations that failed to provide a clear breakout signal for upward attack, instead suggesting the potential for a technical pullback or a weakening trend.

In the early morning, Bitcoin is first looking for a rebound around 101000-101500 to short, aiming for 95000.