11.7 Afternoon BTC Market Analysis:

Looking at the 4-hour timeframe, the price slightly rebounded then gradually declined. The overall trend is clear, with moving averages forming a synchronized traction pattern. Market participation is relatively weak, and sentiment leans towards cautious observation.

On the hourly timeframe, after a rally, the price entered a correction phase. Although there is a short-term expectation of a slight rebound amid minor fluctuations, the sustainability is insufficient, making it difficult to break through the current range.

Trading suggestion: Consider short positions near the 103,000-103,500 range.