BTC's weakness continues; is there still hope for the bulls?Bitcoin / U.S. dollarBITSTAMP:BTCUSDJUSSTIIND99Today, BTC briefly fell below the psychological barrier of $100,000, hitting a low of $98,944. In the past 24 hours, over $2 billion in liquidations occurred across the market, forcing 470,000 investors to liquidate their positions overnight. However, we can see that some institutional investors haven't been deterred; instead, they are continuing to add to their positions. In other words, institutions are quietly absorbing the shares sold off by retail investors. Overall, despite the short-term market sentiment setback and the complex policy environment, the continued entry of institutional funds may be laying the groundwork for the next wave of price increases. Some analysts even predict that BTC could still reach new highs of $125,000-$150,000 this year. I believe that BTC's current weakness is mainly due to short-selling institutions shaking out weak hands. As the cryptocurrency with the highest market capitalization, BTC still has significant growth potential. The recent sharp drops are primarily aimed at clearing out long orders and causing some small investors to lose confidence in the market. I believe $100,000 is the current low point, and it's time for a rebound. Therefore, placing long orders in this area would be a good strategy for our future operations. From a technical perspective, the daily chart has clearly shifted to a bearish structure. According to trend trading, selling on rallies is the primary strategy. However, within a trending structure, rallies or pullbacks are often very small, making it difficult to find suitable trading opportunities. The chart shows three consecutive bearish days, making shorting an unwise choice. Short-term resistance is at $102,000, with support at $98,000-$96,000. The most crucial area is $94,000, where I believe a rebound is possible. Trading Strategy: Consider a small long position in BTC when it pulls back to $98,000-$100,000, with a take-profit target of $102,000-$103,000. Note: This article is time-sensitive; market conditions change rapidly. Please pay attention to more timely market updates.