Good morning on a new day this Friday!

Unfortunately, the price of Bitcoin did not break out at midnight, encountering resistance after reaching the 102500 line and falling back. The low point touched the 99200 line and has shown some stopping. Bitcoin is fluctuating between five and six digits, exhausting the market's patience. When you lose patience, that's when the main force continues to exert pressure.

On the daily chart, after a strong rally, the upward momentum could not be sustained, reaching the upper trend line and falling back. It is currently again oscillating near the 100K mark. Although the trend structure still shows upward momentum, there is a need for short-term adjustment. From the 4-hour chart, we can see that after a V-shaped reversal yesterday, space was opened up. Although it could not maintain the upward movement, both highs and lows are showing signs of rising, with the bottom gradually lifting. It’s a step-back-and-look trend. In the short term, pay attention to whether the 98500-99000 area can form effective support. Although the short-term performance is again relatively weak, the larger trend is bullish. This bearish momentum can be treated as a trap. Aggressive traders can enter at the current price, but must set proper stop-losses and not hold positions too long. Generally, if short positions break below the 100K mark by 500 to 1000 points, it's advisable to take profits. After the pullback ends, focus more on going long!

On Friday morning, aggressive traders can short Bitcoin at the current price of 100300, looking for a 800-1000 point pullback. Cautious traders should wait for a pullback to the 99000 line before going long again. On the upside, pay attention to yesterday's high of 102500. For short-term trading, treat this range with a broad oscillation!