The Bitcoin market has recently shown a weak pattern, and investors should be cautious.

From a short-term perspective, the Bitcoin price found some support around 98,200 USD, followed by a slow rebound, peaking at around 102,000 USD. However, the strength of this rebound is limited, and there is still significant selling pressure above, with no clear reversal signals appearing in the short term.

Analyzing from the weekly level, a large bearish candle has solidified the current weak trend, resulting in a downward shift of the moving averages. The MACD dual lines are also beginning to turn downward, coupled with the breakdown of the $100,000 level, indicating that the major trend may continue downwards. Although the daily chart has started to close with a bullish candle, if it cannot recover the drop of the previous days, the market may still maintain a weak downward trend. Currently, around $95,000 may become a mid-term target.

For medium-term investors, the range of $101,900-103,000 may be a short-selling opportunity worth noting, with a target aimed at around $95,000.

In the current market environment, investors should remain vigilant and avoid blindly bottom-fishing. A reasonable risk management strategy and patiently waiting for clearer market signals are crucial. At the same time, closely monitor market changes and potential triggering factors to be prepared for possible reversals.

In general, although a rebound may occur in the short term, investors should remain cautious and patiently wait for better entry opportunities in the absence of clear reversal signals.