According to today's early market observations, from the 1-hour time frame, the Bitcoin market shows significant selling pressure, continuously declining from the price level of 110367 and experiencing a slight rebound after hitting the key support level of 106539.

Technical analysis shows that both the DIF and DEA lines in the MACD indicator are operating below the zero axis. Although there are signs of narrowing green momentum bars, the downward trend pattern has not fundamentally changed. The moving average system is currently in a tangled state, with prices continuously fluctuating near the short-term moving averages.

In the short-term outlook, if the price cannot effectively break through the resistance level of 108000, the downward trend may continue, and investors need to closely monitor the possibility of the support level being broken.

Operation suggestion:
Bitcoin can focus on short selling opportunities in the range of 108100-108600, with target positions in the range of 106000-104800.
Consider shorting Ethereum in the 2760-2790 range, with the target level in the 2720-2670 range.

The market is highly volatile, and investors should manage risks properly and make cautious decisions based on their own risk tolerance.