Bitcoin Market Analysis:

【Daily Trend】

Yesterday closed with a bearish candle, opened today with a surge then retraced.

The Bollinger Bands are opening upwards, and the moving averages are in a bullish arrangement.

MACD upward momentum is weakening, and the KDJ indicator is approaching the overbought zone.

Currently in a historical high area.

【4-Hour Trend】

After multiple surges, a long upper shadow appeared.

The Bollinger Bands are beginning to narrow, with moving average support around 101,800.

Both MACD and KDJ indicators are showing downward signals.

【Trading Strategy】

Currently in a high-level oscillation market, beware of sudden pullback risks. It is recommended to primarily short on the highs, with a focus on the support below:

Resistance Levels: 105,200 (Aggressive Short) / 106,600 (Conservative Short)

Support Level: 102,500 (Long Entry Point)

Trading Reminder: Extra caution is needed after each new high, ensure proper stop-loss protection. Conservative traders can wait for a clear pullback signal before entering.