Recently, the cryptocurrency market has been highly volatile, and the trend of Bitcoin has attracted significant attention from investors. According to the latest technical analysis, Bitcoin is currently in a clear 下行 channel.

The 1-hour K-line chart shows that the price of Bitcoin is running along the lower band of the Bollinger Bands, with the upper band and middle band continuously diverging downwards and the opening expanding. These signs clearly exhibit the characteristics of a downward channel. Currently, the market pattern dominated by bears is very significant.

Although the MACD indicator shows a contraction in bearish momentum bars, the dual lines are still operating below the zero axis, indicating that the downward momentum has not been fully released. Considering the weak characteristics of the current market, analysts suggest that investors should remain vigilant and consider taking advantage of shorting opportunities at rebound highs.

In terms of specific operational recommendations, some analysts suggest focusing on the potential short entry point in the range of 106,000 to 106,500 dollars, with a target price set around 105,000 dollars. However, investors must pay attention to risk management and operate cautiously.

It is worth mentioning that the cryptocurrency market is influenced by various factors, including but not limited to the macroeconomic environment, changes in regulatory policies, and statements from important figures. Investors should consider a comprehensive range of influencing factors when making decisions, rather than relying solely on technical analysis.

Overall, the current Bitcoin market is showing significant downward pressure and may continue to be under pressure in the short term. However, the cryptocurrency market is notoriously unpredictable, and investors need to remain vigilant, keeping an eye on market trends and adjusting their strategies in a timely manner.