Observing the daily chart trend of Bitcoin, a series of bearish lines have formed a clear weak structure. The price has fallen to the support area of the lower band of the daily chart Bollinger Bands, but the key support level of $1003 has been breached. This breakthrough suggests that a medium to long-term downtrend is forming, with a high possibility of continued decline in the future. From the 4-hour timeframe perspective, the appearance of the bearish belt hold further confirms the market state dominated by short positions. It is worth noting that the short-term rebound has repeatedly faced resistance and has fallen back, reflecting insufficient buying power. Based on the current technical analysis, it is recommended that traders prioritize high-position shorting strategies in today's morning session. Specifically, consider going long in the range of 102000-90000, with a target set around 101400-102000. The market is currently in an adjustment phase, and investors should remain cautious and control position risk.