The daily chart for Bitcoin is currently in a correction phase after a high-level pullback. Recently, multiple long lower shadows have repeatedly confirmed the effectiveness of buying support at lower levels. The price has remained above the medium-term moving average support band, and trading volume has gradually decreased during the pullback, indicating that the selling pressure from bears is weakening. However, the short-term moving averages have formed a death cross, suggesting that the correction pressure has not been fully released yet.

On the 4-hour chart, there are clear signs of stabilization: the MACD bearish momentum is gradually fading and showing signs of a bullish emergence; the RSI has exited the oversold zone; and after a low-level golden cross on the KDJ, there is a resonant upward trend. During the consolidation, the lows are gradually rising, indicating a strong short-term rebound demand.

For intraday trading, it is recommended to adopt a light position strategy. Prioritize waiting for the price to retrace to the key support zone where the 4-hour consolidation range bottom coincides with the 20-period moving average. The initial target is the upper boundary of the consolidation range, followed by the resistance at the intersection of short-term daily moving averages. Overall, focus on buying near the lower support levels.

Specific trading suggestions: Monitor the zones around 103,000–102,500 and 101,800–101,300. Within these ranges, consider attempting to buy low. Targets are set at the upper levels of 103,300; 103,800; 104,500; 105,300; 105,800; 106,300; 106,800; 107,300; 107,800; and 108,300. Once reaching these targets, evaluate the pressure situation and consider reversing to short positions if appropriate.