Last night, Bitcoin surged high, once again standing above 100000, but did not hold steady. Starting in the early morning, it began to retract and also broke below the support level of 96000, but did not break the previous low, beginning to rise around 95600!

From the hourly chart, Bitcoin first experienced a rapid surge yesterday, followed by a very quick retraction, and it has now started the rebound process. Overall trend analysis indicates that the bullish force in the Bitcoin market yesterday was significantly stronger than the bearish force, with the bulls holding the advantage.

A light short position can be attempted in the 97000-97500 rebound range, looking at around 95500.