A few days ago, when it was dropping, many people were frustrated, asking themselves why they didn't short at 10.

Now that it has arrived, there are surprisingly not many people shorting.

The upcoming market has already completed its data phase; it's just a choppy market, and there was no breakout last night.

So today doesn't hold much significance; we continue to enter a correction period.

The Bollinger Bands on the 4-hour chart still hold reference value.

A shooting star with an upper shadow has already appeared; don't leave any regrets for your bearish heart.

If you are bullish, it is also advisable to temporarily stay away from the sharp declines; at least wait until the 4-hour middle band or lower band to layout a pullback long position, which is the most prudent.

Unless there is greater news support, otherwise, Bitcoin is just at this level. Last night, I thought it would reach 104000 for a complete liquidation of short leverage, but it was knocked down by 102000 instead; the range of 102000-93000 is enough to play around for a while.