From a technical perspective on BTC, it has been operating in a fluctuating downward rhythm over the past week. After peaking at 111800 on May 22, it fell back; after peaking at 110700 on May 27, it fell back; and after peaking at 105900 on June 2, it fell back as well; all of these belong to the downward probing process. Last night, after probing down to 103660, it rebounded. Comparing these, it is found that each probing high point is gradually rising, and the bearish fluctuation is very evident.

However, looking at today, we can still judge strength and weakness according to the four-dimensional trading rules. Firstly, the overall pattern shows a bearish fluctuation; secondly, the previous day was within a fluctuating range; finally, today during the daytime, the price dipped and then rose back, without breaking the highs and lows. Therefore, comprehensively, it should belong to a fluctuating range, and this conclusion can also be drawn from the current Bollinger Band on the 240-minute cycle.

Speaking of fluctuations, it is crucial to pay attention to the tops and bottoms of the range. The upper focus is on the acceleration point broken on May 30 and the daily mid-track at 106500~106800; the lower focus is on the support levels of 103700 and 103000. In terms of operations, short positions can be made around 106500~106800, with a target of 3000 points. When entering, just make corresponding adjustments based on price changes, as the fluctuating pattern remains unchanged.