$BTC

After experiencing a round of gains yesterday, Bitcoin encountered significant resistance near 102000 and failed to continue its upward trend. The current technical form shows a double-top pattern. After the four-hour K-line touched the upper Bollinger Band, the market entered a period of weakness, and the short-term correction trend gradually became apparent.

The double top formed by the Bitcoin price near 102,000 implies that the bullish power is blocked at this price and the bearish power may gradually rise, increasing the downward pressure on the price and the possibility of a correction.

The four-hour K-line touches the upper Bollinger Band, indicating that the price is at a short-term high and is facing strong pressure. According to the Bollinger Band theory, the price has a need to return to the middle track, further confirming the rationality of the callback.

BTC: Short selling in the 101500-102000 range

Target 100,000 - 99,000. If the market breaks, we can look further down to 97000. If you don’t break, you will advance.

Stop loss 102500