BTC has recently looked quite resilient during the falls, but that's just on the surface. By May 26, large investors holding more than 10,000 BTC started to sell, which indicates that the short-term market may not be able to rise.

In the last 4 hours, both the contract and spot trading volumes have been decreasing. There are sellers in the spot market, and long positions in contracts are also being liquidated. BTC can only consolidate for a few days at this level before a change occurs; I think it is highly likely to adjust downwards, at least falling to the range of 102000-105000 dollars.