Bitcoin is currently operating within a short-term trading range. According to the technical analysis of the 1-hour chart, the market exhibits the following characteristics:

Price range:
- The resistance area is concentrated around $106,000.
- The support level below is located in the 104,000 USD area.
- The RSI indicator is currently at a level of 56, indicating that market momentum is neutral but slightly bullish.
- Although the moving average system has formed a golden cross signal, the two moving averages are trending rather gently, indicating insufficient upward momentum, which may be related to the lack of market liquidity over the weekend.

Possible trading strategies:

Bearish perspective:
If the price breaks below the 104K support level with significant trading volume, traders may consider establishing short positions, targeting the previous low area. It is recommended to set the stop loss near 105,000 to prevent the risk of false breakouts.

Bullish Perspective:
If the price pulls back to the EMA21 moving average and stabilizes effectively, you can try to establish a long position with a light position. If the subsequent price can break through the 106K resistance level with volume, you can appropriately increase your position. The take profit for long positions can refer to the lower edge of the rectangular consolidation area above, while the stop loss should be set below the support level.

Special Reminder:
Due to today being a weekend trading day, the overall market liquidity is significantly weaker than on working days, and traders need to be wary of possible sudden market changes or false breakouts that may occur late at night.

Risk Warning: This analysis is for technical discussion only and should not be considered investment advice. The cryptocurrency market is highly volatile; please fully assess your risk tolerance before participating in trading.