Currently, Bitcoin is in a rebound and sideways position after a sharp drop on the morning of the 13th. It is fluctuating around $105,000 with a $1,000 range, and there is no short-term directional guidance for the price yet. In fact, everyone is more curious about where BTC's next trend will head. The medal believes that based on the current market dynamics, there are no continuous active buying signals forming. The price's stop in decline is merely a temporary pause from the selling pressure. Retail investors in the market are showing some bottom-fishing behaviors, causing some price increases, but there hasn’t been a formation of continuous capital inflow. Therefore, regarding the upcoming increase, the medal believes there is not much sufficient basis to see a significant rise.

Looking at the next moves, the medal believes that the price still has further room to decline, continuing the bearish trend. The current price dynamics should be viewed as a temporary peak; this process is one of top-side fluctuation consuming the selling pressure, where prices will repeatedly rise and fall to maintain the price advantage based on buying sentiment. Thus, a sudden surge in price to entice buying is completely normal.

Regarding entry participation, since the current short-term is in a relatively small fluctuation state, it is not very suitable for direct involvement. Considering that before a sell-off, a wave of upward movement to lead market buying sentiment will occur, creating a bullish atmosphere, it is suggested to enter short positions in the range of $107,000~$108,000, with a stop-loss at $109,300, looking short-term at $105,000 and $104,000, and medium-term at $102,500.