Bitcoin market remains weak, with major institutions continuing to sell spot Bitcoin on Saturday. The high point reached 104,000 USD, and the low approached 101,000 USD, with an amplitude of nearly 3,000 USD. The bullish rebound is very weak, with multiple attempts to establish a bottom and rebound being suppressed by bears. Negative news sentiment adds to the downside, and bullish sentiment needs a catalyst to ignite a continued rise. Maintaining a bearish outlook on Bitcoin without considering going long.
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Bitcoin market remains weak, with major institutions continuing to sell spot Bitcoin on Saturday. The high point reached 104,000 USD, and the low approached 101,000 USD, with an amplitude of nearly 3,000 USD. The bullish rebound is very weak, with multiple attempts to establish a bottom and rebound being suppressed by bears. Negative news sentiment adds to the downside, and bullish sentiment needs a catalyst to ignite a continued rise. Maintaining a bearish outlook on Bitcoin without considering going long.