The intraday trend of BTC shows a continuation of short positions, with the overall market reflecting an increase in risk-averse sentiment. On the hourly level, prices are steadily under pressure near the middle band of the Bollinger Bands. The downward trend line continues to adjust downward, and the 103000 level has clearly become a strong resistance area. From the indicators, the j line of the kdj has once again shown signs of turning down. The macd indicator reveals that the volume brought about by the rebound from the recent bottom near 100800 is not substantial. As mentioned in previous blogs, if 103000 cannot stabilize, then breaking below 100000 is merely a matter of time.