Bitcoin is currently reported at approximately 106840, with a slight rise of 1.09% during the day, fluctuating within the range of 104000-110000.



On-chain activity cools down: spot trading volume decreases, open contracts reduce, and the market enters a "consolidation" phase.

The Bollinger Bands have begun to expand after narrowing, suggesting that volatility may increase, and one should be cautious of breakout trends.

I personally suggest keeping a close eye on the support at 106,000 and the resistance at 108,500 in the afternoon, adjusting positions based on the expectations of non-farm payrolls. Before breaking the levels, focus on short-term range trading (you can go long with a light position at 106,500 and short at 108,000), and set strict stop-losses.
BTC1.83%
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