The 4-hour cycle shows that Bitcoin is in a technical correction phase during a pullback, but the overall weakness remains unchanged. If the price cannot effectively hold around the resistance level of $106,000, it may retest the support at the $100,000 level; if it breaks below this support, there may be further downside potential. In terms of operation, it is advisable to remain cautious in the short term. If there is a rebound near the resistance level, consider taking a light short position and set strict stop-losses.