The overall price of Bitcoin is in a fluctuating upward trend, situated between the upper and middle bands of the Bollinger Bands. In the 4-hour chart, the price has moved away from the upper band towards the middle band, while the MACD red volume bars continue to weaken, indicating that the market may be entering a correction or downtrend. In the 1-hour chart, the price is near the upper band, and both MACD and KDJ are suggesting that the current bullish trend is dominant. However, the higher J value in the KDJ indicates that the market may be in a short-term overbought state, presenting a risk of a pullback.

It is recommended to enter short positions around 105500~105000, with a target of around 104000~103500.

Market conditions change rapidly, this suggestion is for reference only, and specific operations can be discussed privately.