BTC is currently moving below 105693 in the four-hour cycle, indicating that it is in a pullback process. When rebounding, pay attention to the position at 105693. If it cannot break through this resistance level, its trend is likely to continue dipping, maintaining the pullback situation. Only if it successfully breaks through the resistance level near 105693 on the four-hour level will it be expected to restart the upward trend and continue to climb.

In the current four-hour cycle, the bears dominate. If there is a rebound during the day, we need to pay close attention to the key level of 2506. Only if the four-hour level can effectively break through the pressure level near 2606, it is possible to reverse the situation and form a reversal trend; Otherwise, if the rebound fails to break through 2606, there is a high probability that the downward trend will continue and continue to probe for support.