Bitcoin is currently fluctuating within the range of $98,000–$101,500. Last night, a weak rebound peaked at $101,700, but it has not been able to stabilize in the key resistance area. The current price is oscillating narrowly around $100,800–$101,000, with the market showing increased wait-and-see sentiment.

【Technical Structure】

From the 4-hour chart structure, since the price fell from $106,500, it has shown a step-down structure, with highs continuously decreasing ($104,000 → $103,000 → $101,700), and the strength of the rebound gradually weakening, indicating that the bearish trend is still ongoing. The MACD momentum bars are weak, lacking strong reversal signals in the short term.

【Trading Strategy】

📉 Short Position Strategy:

A rebound to the range of $101,500–$102,800 is still an opportunity to go short, with a target back to $100,500 → $98,500, and a stop-loss placed above $103,300.

📈 Long Position Strategy:

Short-term support is in the range of $98,000–$98,500. If there is a pullback followed by an increase in volume to stop the decline, a small position can be taken to bet on a rebound, with a target back to $101,000–$101,500.

⚠️ The current market is still in a phase of weak rebound fluctuations, so it is important to avoid chasing gains and cutting losses, and to strictly control risks with stop-losses.