On the four-hour chart of Bitcoin, the positive impact from yesterday did not stimulate the market to break new highs, and the rebound only reached the previous resistance area. During the day, the price tested around 105,000 again. On the hourly chart, the price continues to oscillate within the range, with the upper resistance structure not being broken. The bearish outlook should be maintained for the day.
Reference position: Short at 103,600, target 101,600, stop loss at 1,000 points
