Recently, the Bitcoin market has shown a downward trend. The four-hour chart indicates that the price has formed a high death cross and closed with a bearish belt hold. The 106500-106000 USD range is an important support level. If this area is breached, we may see the market accelerate its fall.

Currently, multiple technical indicators are releasing warning signals. The MACD indicator has formed a death cross, and the trading volume is showing a shrinking trend, which usually suggests that a large-scale sell-off may soon occur. The KDJ indicator is shifting downwards and showing a sticky state, further confirming the market's weakness.

If the support level of 106,000 USD is breached, the next key price range will be 104,000-103,500 USD. On the daily chart, we have started to see the emergence of upper shadows, with the body showing a downward trend. From a longer-term monthly candlestick perspective, there are a large number of trapped short positions around 98,000 USD, which may provide some support for the price. However, if the 102,000 USD level is broken, we may see further declines.

In the current market environment, investors need to remain vigilant and closely monitor the key support level of 106,000 USD. If this level is breached, it could trigger a rapid decline. Even if a rebound occurs, caution is required, as the overall trend has clearly weakened.

As a trader, it is important to follow the market trend rather than go against it. In this uncertain market environment, risk management becomes particularly important. Whether bullish or bearish, reasonable stop-loss levels should be set to prevent losses caused by potential large fluctuations.

Overall, the Bitcoin market is currently at a critical technical position, and investors should remain vigilant, closely monitoring price movements and changes in trading volume to timely adjust their trading strategies.