BTC Hourly Market Analysis and Trading Suggestions through in-depth analysis of the current hourly chart of BTC.

Recently, the price has made an attack at the $104,900 level but has encountered strong resistance that has caused it to pull back after reaching a high, failing to achieve an effective breakthrough of the upper Bollinger Band, overall presenting a weak oscillating pattern.

From the observation of technical indicators, the Bollinger Bands are gradually narrowing, indicating that market volatility may decrease, and the price has repeatedly tested the middle band but has faced pressure and pulled back, further reinforcing short-term bearish signals.

On the price chart, the K-line pattern shows a rapid decline with a large bearish candle, clearly demonstrating the heavy selling pressure above.

At the same time, the bulls show clear signs of exhaustion after multiple unsuccessful attempts to push higher.

Based on the current market performance, the following trading suggestions are given: investors can consider going short near $103,500 on rallies, targeting price levels of $102,000 and $100,000 in sequence.

It is worth noting that the cryptocurrency market is highly volatile; investors are advised to closely monitor market changes, set reasonable stop-losses, control their positions, and operate cautiously.