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Bitcoin surged in the evening but then pulled back, breaking below 100,700. The bearish momentum is releasing, but chasing short positions requires risk control.
The four-hour chart broke below the lower Bollinger Band, indicating a high probability of a short-term rebound correction. The support zone around 101,000-100,000 may currently act as resistance for the bulls. Wait for clearer signals before entering the market.
Trading suggestion: Consider going long near 101,000-100,000, targeting 103,800-105,000. If the level is broken, continue upward; if not broken, consider taking a position in the direction of the trend.