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In the morning, BTC continued the long positions from the early hours, rising to a high of 108783 before pulling back and trading sideways around 107500. In the evening, after dipping to 106686, it quickly rebounded and is now fluctuating above 107000.
The intraday trend shows a sideways adjustment, with the lower support being tested multiple times without a strong breakthrough. After three consecutive daily bullish candles, the bullish momentum has weakened, and the resistance at 108500 - 109000 is strong, with the downward channel unbroken. At the four-hour level, the mid-track support has weakened, and the price has pierced through it multiple times without forming a strong continuation, indicating that it is expected to test around the mid-track in the short term. Both bulls and bears find it difficult to maintain a strong continuation, so attention should be paid to the key points above and below.
Operation suggestion
BTC pullback around 106500 - 107000, looking up to 108500-109100, if it breaks through, then look up to 110000.
The concubine is pulling back to around 2430-2460, looking up at 2530-2570 #BTC# .