Recently, the Bitcoin market has shown signs of a rebound after a volatile downward trend. However, the strength and sustainability of this rebound remain unclear, and investors should remain vigilant.

From the 4-hour chart, market sentiment has stabilized, and the technical aspect shows a certain upward momentum. However, it is worth noting that multiple technical indicators have issued overbought signals, which means there may be a risk of a pullback in the short term.

The K-line chart shows that the price is approaching the upper Bollinger Band, while both the middle Bollinger Band and the KDJ indicator suggest that the price may enter a consolidation phase. Therefore, in the short term, the Bitcoin price is likely to fluctuate within a relatively narrow range.

Based on the current market situation, investors should maintain a cautious attitude. If considering entry, attention can be paid to the price range near 105000-105500 dollars. As for the possible target price, one can focus on the range of 103500-104000 dollars.

Overall, although Bitcoin shows some positive signals, there is still uncertainty in the market. Investors should consider various factors comprehensively before making any decisions and develop trading strategies based on their own risk tolerance.