Recent technical analysis shows that from the four-hour chart, the KDJ indicator has entered the Overbought zone and is beginning to show significant signs of a downward reversal. Market experience indicates that when the indicator starts to turn down in the Overbought area, it usually means that the market has experienced excessive rise in the short term, creating a pullback demand. Therefore, the current Rebound cannot be interpreted as a fundamental change in trend.

On the surface, the market appears calm, but in reality, there are undercurrents. Investors should remain cautious at this time and avoid blindly following the trend to go long. It is advisable to closely monitor market changes and conduct a comprehensive assessment using multiple technical indicators before formulating investment strategies.
From a price target perspective, Bitcoin's short-term primary resistance level is expected to be around 104,000, while the mid-term pullback target may be at the 102,000 level. Investors should be prepared for appropriate risk management.