From a technical structure perspective, on the four-hour level, the operating channel continues to trend down narrowly, with prices oscillating weakly lower without forming a significant rebound. The volume is arranged in a weak bullish pattern, and the moving averages are consistently trending down. In the short term, it remains a state dominated by bears.

On the daily level, the operating channel continues to trend down, with prices maintaining a weak consolidation. In the upper-middle range, there was no effective rebound after the plunge, and bearish volume continues to shrink. The moving averages have not shown significant upward movement. This week, I personally remain optimistic about a bearish outlook first, and whether the market can rebound and recover will need to be assessed after finding support.

Bitcoin personal trading suggestion: Short near 97300-97500, with a target of 96300-95300. If it breaks through, continue to look down!