11.12 Latest Analysis of Bitcoin

- Daily Chart: Three consecutive bearish candles encountering resistance at the midline, with rebound momentum exhausted; MACD histogram shrinking and approaching a death cross; RSI falling back to 40. If it cannot stabilize above 104,500, the price may continue to decline, with key support focused on 102,000-100,000 (100,000 USD as a strong psychological level).

- 4-Hour Chart: Moving along the lower band, with the midline at 104,200 forming strong resistance; MACD shows a bearish crossover with increasing volume; RSI dropping to 35, indicating a bearish dominance. Losing the 102,400 level will increase the risk of further downside.

- 15-Minute Chart: Fluctuating around 103,000, with early signs of divergence at the bottom; a slight technical rebound may occur, but its strength is limited, making it difficult to change the weak trend.

Short Position Strategy: Enter on rebounds to the 104,200-104,800 range, with targets at 102,800 and 101,500, and a stop-loss above 105,200.