In this round of market trends, Bitcoin has continued to decline from a high of 108,000, with a cumulative drop of nearly 13,000 points. The internal adjustments and cleaning processes in the market are nearing completion. Although bearish forces still dominate at present, one should not blindly pursue short positions as the week of trading comes to an end.

The possible downward space below has significantly shrunk, and there may still be some slight fluctuations downwards in the short term; however, the probability of further breaking below the current price level is relatively low. We have already captured the main part of the market movement and do not need to take risks chasing the tail end of the market.

In the short term, the coin price is likely to fluctuate and consolidate within a low range. Short-term trading strategies should be adjusted in a timely manner. It is advisable to wait for a pullback process and then focus on the area around 96,000. If corresponding signals appear, consider a bullish rebound correction.

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