After briefly falling below $101,000 last night, Bitcoin (BTC) has quickly rebounded and is currently trading around $104,000. Meanwhile, the altcoin sector has generally declined, and short-term market volatility has intensified.

This round of correction is mainly driven by profit-taking and changes in traditional market sentiment, with relatively low liquidity further amplifying market fluctuations. From an overall structural perspective, this decline is still considered a healthy adjustment, with no obvious signals of trend reversal or topping patterns yet.

After breaking the $100,000 mark, Bitcoin has not shown signs of overheating, and the current market has not entered a bubble phase. In the medium term, the loose credit environment and the macro backdrop of a weakening dollar may provide Bitcoin with sustained upward momentum.