The market has been fluctuating around 100,000 in the past few days, gradually forming a range of oscillation, with bulls and bears pulling back and forth.
From the current market analysis, the price is in a high-level consolidation correction. At present, 103,000 is under significant pressure, and it is difficult for Bitcoin to break through effectively in the short term.
The market has attempted to break through this price level multiple times but has quickly retreated each time. However, the bullish forces have once again gained momentum, indicating that the bullish energy remains strong, and a subsequent breakthrough of the resistance level is just a matter of time.
Considering today is the weekend, trading is flat. Initially short, then long during the day, Bitcoin at 102,100 is directly shorted, with a stop at 103,000, and the target below is 100,500.