After the recent peak of 108350+ USD, the market has shown a clear downward trend in the first half of the past 7 days, due to the bearish impact of the hawkish statement from 85666806998 and Powell's remarks about 17016085561, dropping to a low of 92232 USD. After testing the low support twice on December 24, it rebounded, reaching a daily high of around 99958 USD. During the 69665387808 period, the US stock and futures markets were closed, likely due to most European and American traders being on holiday, resulting in reduced trading volume and relatively narrowed short-term volatility range. Recently, it has been testing the upper and lower bounds of the previous upward trend line and is also operating around the control point of the 51611130769 main chip distribution map. From the four-hour perspective, after a potential double bottom formation, it is testing the neckline resistance near 99500 USD and has pulled back. If it can break through later, it will favor an upward continuation of the rebound. The upper resistance levels are 100300 USD and 102770 USD, but if it faces pressure, it may retrace to test the lower support near 92520 USD and the previous support area around 90500 USD. Considering the recent inflow of BTC into exchanges and the historically bearish trend after Christmas, precautions can also be taken.