The Bitcoin price has recently encountered resistance in a key area, and important technical warning signals have appeared on the four-hour time frame. The current price hovers around $103,998, with a slight fall of 0.3% compared to the Opening Price. The technical indicators show that the short-term moving average is near $106,000, while the long-term moving average is above $107,000. The current price is running below these moving averages, indicating that the short-term trend is under pressure.

In terms of technical indicators, the Relative Strength Index ( RSI ) shows that the market is in a short-term oversold condition, which means that the price decline may be too rapid, indicating a potential technical rebound. At the same time, the MACD indicator is in the negative value range, reflecting that the selling pressure is dominant, but excessive decline may also indicate that a temporary bottom is about to form.

Market analysts predict that three types of trends may emerge in the future:

First, if the price can firmly stand above $104,500, it is expected to rebound to $106,000, and even challenge the $107,700 level, but this rise requires trading volume support; otherwise, it may be difficult to sustain.

Secondly, if the price falls below the support level of $103,800, the next target may point to $100,369, or even test the psychological level of $100,000.

Finally, the price may also consolidate in the range of $103,800 to $105,000, waiting for clearer directional signals to emerge.

Given the current market conditions, Bitcoin's sustainability after breaking through the $100,000 mark is being tested. Investors should closely monitor the performance of key technical levels and changes in overall market sentiment to find reasonable risk management strategies amidst the volatility.