From the market perspective, the strength of the bears is clearly stronger. The MACD indicator's dual lines are below the zero axis, and the energy bars have been negative for eight consecutive periods and are continuing to lengthen, indicating that the bearish trend is continuously strengthening.

In the 4-hour chart analysis, the current price is running between the middle and lower bands, and the Bollinger Bands have slightly expanded after converging, indicating that volatility may increase. The KDJ has formed a golden cross at a low level and is diverging upwards, showing that there is short-term rebound momentum. The MACD remains in a death cross state, with continuous green bars, indicating that the overall bearish trend has not changed, but the low-level golden cross signal suggests that there may be a rebound in the short term. Although there are signs of a rebound in the short term, the current price is at a range high, and it is recommended to seize short-selling opportunities on pullbacks in the morning.

​Operational suggestion:

​Bitcoin around 105900-106200, target 104900, stop loss 106400#币圈现状