Bitcoin rose to 106,000 in the morning, returning to and stabilizing above 100,000. The pullback strength is relatively small, indicating that the short-term trend is not extremely weak, but rather a rebound and oscillation state after testing support.

From a technical perspective, Bitcoin has not formed an effective bearish trend, and there is no one-sided decline on the daily and 4-hour levels.

Currently, it is not a one-sided market; after a short-term drop, one should go long rather than short, as there is a possibility of another rise.

For aggressive traders, consider positioning below 104,200; for conservative traders, enter long below 103,500, with targets of 107,500 and 109,000! $BTC