Wednesday midday market data observation: Opportunities for Bitcoin's 4-hour fluctuation

After a rapid pullback from the 110,000 level down to 98,888, Bitcoin has shown a clear downtrend on the 4-hour chart. Although there are signs of recovery, more confirmation is needed to determine the trend.

Regarding the shorting perspective:

Currently, the price is hovering around 101,674. If the rebound encounters resistance, pay close attention to the pressure zone between 103,500 and 104,500. If hesitation appears in this area, especially if the candlesticks show a bearish engulfing or shooting star pattern, these bearish signals are worth noting. The first support test is the previous low at 98,888; if broken, look at the lower band at 99,810. Deeper support may be at 97,000 or even 95,000.

Regarding the buy the dip perspective:

Cautious confirmation is needed for buying the dip. Ideally, the price should effectively stabilize above 105,000, and the 4-hour chart should show a strong bullish candlestick. The initial target would be the midline at 106,498, with a further breakthrough to watch for at 108,000. However, before clear reversal signals appear, bottom-fishing carries higher risk—after all, the downtrend momentum has not been fully absorbed.

In terms of market rhythm, short positions are still being released, and the rebound appears more like an adjustment rather than a reversal. Maintaining flexibility in trading, controlling Position size, and exiting when profits are available is the prudent approach.